Holly’s gross pay after two weeks of work is $1,475. Her income after taxes is $1,321.60. To the nearest tenth, find Holly’s income tax rate.(1 point)
Responses
10%
10%
10.6%
10.6%
10.4%
10.4%
11.4%
To find Holly's income tax rate, we can use the formula: (Income tax / Gross pay) * 100.
Substituting in the given values, we have (1321.60 / 1475) * 100 = 89.6%.
Rounded to the nearest tenth, Holly's income tax rate is 10.6%. So, the correct answer is 10.6%.