Question

Say that Spain has a working population of 20,081,537 people, and that the average yearly salary is €36,238. How much tax revenue would the Spanish government generate every year with a 41.15% income tax rate, to the nearest euro?
a.
€1,027,169,352,413
b.
€428,260,123,198
c.
€299,454,614,607
d.
€298,515,162,576

the answer is C

Answer 1

I checked it; like you said, the answer is C.

Answer 2

Alright, lets get started.

Spain has a working population of 20,081,537 people and average yearly salary is €36,238.

So, the total income of all the people of spain would be = $20081537*36238$

total income of all the people of spain would be = 727714737806

Spanish government generate every year with a 41.15% income tax rate means

income tax revenue will be = $727714737806*\frac{41.15}{100}$

So, income tax revenue = 299454614607 euros : Answer

Hope it will help :)