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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

Sagot :

dlorenn123

Answer:$96,054,697,990 ”C”

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

shubhamchouhanvrVT

The income tax collection by the total population of australia will be $96,054,697,990

What is income tax?

Some amount of our income is charged by the government this amount is called as income tax.

Calculating the amount taxed from each person in the working population:

31.4% × 26450 = $8305.30 per person

The amount of tax collected from the whole population:

8305.30 × 11565470 = $96,054,697,990  

The annual tax revenue will be equal to $96,054,697,990  

To know more about income tax follow

https://brainly.com/question/25783927

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