Question 6(Multiple Choice Worth 40 points) (04.04 MC) Which of the following is the equation for the graph shown? graph of an e
llipse on a coordinate plane going through approximately 0 comma 6, 0 comma negative 6, 4 and one half comma 0 and negative 4 and one half comma 0 with points inside ellipse at 0 comma negative 4 and 0 comma 4, and lines y equals 9 and y equals negative 9 x squared over 20 plus y squared over 36 equals 1 x squared over 36 plus y squared over 20 equals 1 x squared over 20 minus y squared over 36 equals 1 x squared over 36 minus y squared over 20 equals 1
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The income tax rate must be 29%.
Given that,
Thailand has a workforce of 35,709,487 people, each of whom earns an average salary of (equivalent USD) $8,630 annually.
If the Thai government wants to raise $70 billion in tax revenue,
We have to find,
The approximately where should it set the income tax rate?
According to the question,
Thailand has a workforce of 35,709,487 people, each of whom earns an average salary of (equivalent USD) $8,630 annually.
If the Thai government wants to raise $70 billion in tax revenue,
Then,
The income tax rate is,
Hence, The income tax rate must be 29%.
For more details refer to the link given below.