Tuesday, September 14, 2010

Before being simplified, the instruction for computing income tax in Country R were to add 2% of one's annual income to the average (arimethic mean) of 100 units of Country R's currency and 1% 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)






Answer: C

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