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Sigrid O'Kon

Feb 20, 2025

Before being simplified, the instructions for computing income tax in country r were to add 2 percent of one’s annual income to the

Before being simplified, the instructions for computing income tax in country r were to add 2 percent of one's annual income to the average (arithmetic mean) of 100 units of country r's currency and 1 percent of one's annual income. which of the following represents the simplified formula for computing the income tax in country r's currency, for a person in that country whose annual income is i? a. 50 + i/200 b. 50 + 3i/100 c. 50 + i/40 d. 100 + i/50 e. 100 + 3i/100

2 Answers

correct option is c. 50 + Explanation: we know that 2 percent of  annual income =  0.02 I   .....................1and 1 percent of  annual income =  0.01 I      ........................2and so we take average i.e arithmetic mean of 1 percent of  annual income and 100 units of country  currencyso average =       .......................3so tax is sum of equation 1 and 3 tax = 0.02 I + tax = 50 + so correct option is c. 50 +... Show More

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