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The government in a town of 82,000 people plans to spend $41.5 million this year. Assuming all this money must come from taxes, what is the average number of dollars that the city must collect from each resident

Answer :

jepessoa

Answer:

$506.10 per resident

Explanation:

if the city uses a flat tax system it will need to raise ⇒ $41,500,000 / 82,000 residents = $506.10 per resident

A flat tax system uses a constant marginal tax rate for all the taxpayers. This means that everyone will pay the same tax regardless of their income level or property value in case of a city tax.  

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