Given the following tax structure, what is the minimum tax that would need to be assessed on Dora to make the tax progressive with respect to average tax rates? What is the minimum tax that would need to be assessed on Dora to make the tax progressive with respect to effective tax rates?
Definitions:
Contingent Liabilities
Potential liabilities that may or may not become actual liabilities, depending on the outcome of uncertain future events.
Environmental Awards
Recognitions given to individuals, organizations, or businesses for significant contributions to the preservation and sustainability of the environment.
EPA Fine
Penalties imposed by the Environmental Protection Agency for violations of environmental laws and regulations.
Litigation
The process of taking legal action in court to resolve disputes between parties.
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