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
To find Holly's income tax rate, we can use the formula:
Income tax rate = (Income after taxes / Gross pay) * 100
Plugging in the given values:
Income tax rate = (1321.60 / 1475) * 100
Income tax rate = 89.6
Rounded to the nearest tenth, Holly's income tax rate is 89.6%.