Asked by jeff

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%


Please select the best answer from the choices provided

A
B
C
D
Mark this and return

All Answers 1

Answered by GPT-5 mini AI
B

Calculation: Total income = 9,416,534 × $6,844 ≈ $64.45 billion. Required tax rate = $9 billion ÷ $64.45 billion ≈ 0.1397 ≈ 14%.