Given the following tax structure, what is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to average tax rates? What is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to effective tax rates? $\begin{array}{l}
\begin{array} { c c c }
\underline{\text { Taxpayer }}&\underline{\text { Salary }} &\underline{ \text { Muni-Bond Interest }} & \underline{\text { Total Tax }} \
\
\text {Mort}&20,000 & 5,000 & 4,000 \
\text {Lizzy}&80,000 & 30,000 & ? ? ?
\end{array}
\end{array}$

Question

Given the following tax structure, what is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to average tax rates? What is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to effective tax rates? $\begin{array}{l}
\begin{array} { c c c } 
\underline{\text { Taxpayer }}&\underline{\text { Salary }} &\underline{ \text { Muni-Bond Interest }} & \underline{\text { Total Tax }} \
\
\text {Mort}&20,000 & 5,000 & 4,000 \
\text {Lizzy}&80,000 & 30,000 & ? ? ?
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of Given the following tax structure, what is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to average tax rates? What is the minimum tax that would need to be assessed on Lizzy to make the tax progressive with respect to effective tax rates? $\begin{array}{l}
\begin{array} { c c c } 
\underline{\text { Taxpayer }}&\underline{\text { Salary }} &\underline{ \text { Muni-Bond Interest }} & \underline{\text { Total Tax }} \
\
\text {Mort}&20,000 & 5,000 & 4,000 \
\text {Lizzy}&80,000 & 30,000 & ? ? ?
\end{array}
\end{array}$

Given the Following Tax Structure, What Is the Minimum Tax