Given the following tax structure, what minimum tax would need to be assessed on Shameika to...

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business accounting

Answer 1

Answer #1

Mihwah Averge tax Rate = 2688/$28000 ×100= 9.6%

So, Average TAx for Shameika = $68000 × 9.6% = $6528

Thus, Shameika must pay more than 6628 (6529 or more) for the tax structure to be progressive with respect to average tax rates.

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Answer 2

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