- Refer To The Tax Structure Below For The Following Questions Taxpayer Salary Total Tax Jennifer 40 000 4 500 John 20 0 1 (46.25 KiB) Viewed 50 times
Refer to the tax structure below for the following
questions. Taxpayer Salary Total Tax Jennifer 40,000 $4,500 John 20,000 $4,500 Harriott 40,000 ??? Use the following format for your answers to
questions 1-3: $1,234 1. What amount of tax would need to be assessed on Harriott to make the tax horizontally equitable? 2. Based on your answer in
question #1, what is the maximum tax that John should pay (rounded to the nearest dollar) to make the tax structure vertically equitable based on Jennifer's/Harriott's tax rate? 3. Based on your answer in
question #1, what is the maximum tax that John should pay to make the tax structure vertically equitable based on Jennifer's/Harriott's tax paid? 4. If the structure is horizontally equitable with respect to Jennifer and Harriott (see
question #1), what type of tax system is it (e.g.. proportional, progressive or regressive)?