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What Is the Approximate Per Capita Income of the US

question 34

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What is the approximate per capita income of the US if the population is 3, 405, 813 and its GDP is $24 million?


Definitions:

Pre-tax Profit

Earnings of a business before any tax is applied; also known as gross profit or operating profit.

C Corporation

A legal structure for a corporation in which the owners are taxed separately from the entity, subject to corporate income tax.

Tax Rate

A percentage at which an individual or corporation is taxed.

Executive

A high-ranking person in a company or other institution, typically responsible for making large corporate decisions.

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