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Finance
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Tax
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.
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Holly's income tax rate is found by dividing the taxes paid by the gross income and multiplying by $100, or $\dfrac{1,475-1,321.60}{1,475}\cdot100 \approx \boxed{10.4\%}$.
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