Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent

Question

Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent US dollars) $6,844. If the Algerian government wishes to raise $9 billion in tax revenue, approximately where should it set the income tax rate?
a.
9%
b.
14%
c.
18%
d.
26%

GPT-5 mini · Answer

Total wages = 9,416,534 × $6,844 ≈ $64,446,758,696.  
Required tax rate = $9,000,000,000 / $64,446,758,696 ≈ 0.1397 ≈ 14%.

Answer: b. 14%.

Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent US dollars) $6,844. If the Algerian government wishes to raise $9 billion in tax revenue, approximately where should it set the income tax rate?
a.
9%
b.
14%
c.
18%
d.
26%

All Answers 1

Submit Your Answer

Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent US dollars) $6,844. If the Algerian government wishes to raise $9 billion in tax revenue, approximately where should it set the income tax rate? a. 9% b. 14% c. 18% d. 26%

All Answers 1

Submit Your Answer

Suppose that Algeria has a workforce of 9,416,534, each of whom earns an average annual salary of (equivalent US dollars) $6,844. If the Algerian government wishes to raise $9 billion in tax revenue, approximately where should it set the income tax rate?
a.
9%
b.
14%
c.
18%
d.
26%