7. Study Questions and Problems #7 Suppose Sean has a total taxable income of $30,000, and he must pay $3,000 in taxes for clothing purchased this year. Yvette has a total taxable income of $65,000. The average tax rate for Sean is %. Based on Yvette's taxable income and the average tax rate you found for Sean in the prior question, calculate the minimum amount of tax Yvette must pay to achieve each tax structure listed in the following table. Type of Tax Structure Regressive Progressive Proportional Tax Needed to Achieve Tax Structure (Dollars)

7. Study Questions and Problems #7 Suppose Sean has a total taxable income of $30,000, and he must pay $3,000 in taxes for clothing purchased this year. Yvette has a total taxable income of $65,000. The average tax rate for Sean is %. Based on Yvette's taxable income and the average tax rate you found for Sean in the prior question, calculate the minimum amount of tax Yvette must pay to achieve each tax structure listed in the following table. Type of Tax Structure Regressive Progressive Proportional Tax Needed to Achieve Tax Structure (Dollars)

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Design Of The Tax System

Section: Chapter Questions

Problem 2PA

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