Question 1
1 answer:
You might be interested in
The income tax rate is 14% if the Algerian government wishes to raise $9 billion in tax revenue and has a workforce of 9,416,534.
<h3>What is the income tax rate?</h3>It is defined as the tax rate applied on the solely earned money by a single entity.
Algeria has a workforce of 9,416,534
Each entity average annual salary = $6,844
The raise in tax revenue = $ 9 bilion
To find the income tax rate we must find the total income of the workforce,
= 9,416,534×6844
= $64.45 billion
Now for income tax:
≈ 14 %
Thus, the income tax rate is 14% if the Algerian government wishes to raise $9 billion in tax revenue.
Learn more about the income tax here: