Question

Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent US dollars) $6,844. If the Algerian government wishes to raise $9 billion in tax revenue, approximately where should it set the income tax rate?
a.
9%
b.
14%
c.
18%
d.
26%

Answer 1

Answer:

its B on e2020

Step-by-step explanation:

14%

Answer 2

If the Algerian government wishes to raise $9 billion in tax revenue, income tax rate should be 14%.

What should the income tax rate be?

Income tax is a form of tax levied on the income of labor by the government. Income tax reduces the income earned by labor.

In order to determine the income tax rate, take the following steps:

Determine the total income of the workforce: 9,416,534 x $6,844 = 64.45 billion

Now, divide the desired tax revenue by the total income: (9 billion / 64.45 billion)  x 100 = 14%

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