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
10.6%
10.6%
10.4%
10.4%
10%
10%
11.4%
To find Holly's income tax rate, we can divide her income tax by her gross pay and multiply by 100 to get a percentage.
Income tax rate = (income tax / gross pay) * 100
= (1321.60 / 1475) * 100
≈ 89.6101694915
Thus, Holly's income tax rate is approximately 10.6%.
Therefore, the correct response is:
10.6%