Say that australia has a working population of 11,565,470 people, and that the average salary is $26,450 annually. how much tax
revenue would australia generate each year by instituting a 31.4% income tax? a. $81,528,467,671 b. $90,224,333,274 c. $96,054,697,991 d. $209,851,983,509
Step-by-step explanation: Calculating the amount taxed from each person in the working population:31.4% × 26450 = $8305.30 per personThe amount of tax collected from the whole population:8305.30 × 11565470 = $96,054,697,990 ⇒ This is the annual tax revenue
