Question

If the income tax is increased by 19percent and capital was diminished by 1 percent then what is the rate of income tax​

Answer 1

19% of income tax = 1% of net income

Total Income = tax + Net Income

=> 1+19

=> 20

So, Rate of Income Tax

× 100

=>Rate of Income Tax is  5%

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Answer 2

Step-by-step explanation:

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