Suppose there is a country that has two i(a) Suppose that the government imposes an income tax of 20% on all workers. Assuming that each individual works 1,000 hours, calculate the tax collected from each individual and the total amount of tax collected. [5 marks]ndividuals. One is high-skilled (H) and the other is low-skilled (L). The low-skilled individual earns $10 per hour and the high-skilled individual earns $20 per hour. Each individual works 1,000 hours. (a) Suppose that the government imposes an income tax of 20% on all workers. Assuming that each individual works 1,000 hours, calculate the tax collected from each individual and the total amount of tax collected. [5 marks] Solution