Question

If the income tax is increased by
19%, the net income is reduced
by 1%. The rate of income tax is​

Answer 1

Step-by-step explanation:

Since by increasing 19% in income tax, net income is reduced by 1%

Hence,

19% income tax = 1%

$\implies \: \frac{income \: tax}{net \: income} = \frac{1 \%}{19 \%} \\ \implies \: \frac{income \: tax}{net \: income} = \frac{ \frac{1}{100} }{ \frac{19}{100} } \\ \implies \: \frac{income \: tax}{net \: income} = \frac{1}{ 19 } \\ total \: income = 1 + 19 = 20 \\ rate \: of \: income \: tax \: = \frac{1}{20} \times 100 = 5 \%$

net income