Tax Revenue Calculator

Formula

The formula to calculate the Tax Revenue (R_tax) is:

\[ R_{tax} = TPU \times U \]

Where:

$ R_{tax} $ is the Tax Revenue (\$)
$ TPU $ is the tax per unit (\$/unit)
$ U $ is the total number of units

What is Tax Revenue?

Tax revenue is the income that a government collects from taxes imposed on individuals, businesses, and other entities. It is calculated by multiplying the tax per unit by the total number of units. This revenue is used to fund public services and infrastructure.

Example

Let's say the tax per unit (TPU) is $5 and the total number of units (U) is 1,000. Using the formula:

\[ R_{tax} = 5 \times 1,000 = 5,000 \]

So, the tax revenue (R_tax) is $5,000.