Question

If the income tax is decreased by 26% , a man's net income increases by 2/3% . The rate income tax is

Answer 1

Answer:

The answer is 5/2%

Step-by-step explanation:

let the income be 100

5/2 % of 100 = 2.5

5/2 % reduced by 26% of 100 =1.85

difference =2.5 - 1.85=0.65

hence net income is increased by 2/3 % of 100 =0.65

Answer 2

The rate income tax is 40.49%.

Step-by-step explanation:

Since we have given that

Income tax is decreased by 26%

Net income increased by $\dfrac{2}{3}\times 100=66.67\%$

So, the rate income tax would be

$-26+66.67-\dfrac{26\times 2}{300}\\\\=40.67-0.173\\\\=40.49\%$

Hence, the rate income tax is 40.49%.

# learn more:

The mass percentage of a solution formed by mixing sugar in 100g of water is 66.67. what is the mass of sugar present in the solution?

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