Question

Mr.X Salary is increased by 20% on the increase
the tax rate is 10% higher - Find the percentage
of increase in the task liabilty.​

Answer 1

Answer:

Answer is 22%

Step-by-step explanation:

Let his original salary be Rs. 100.

Salary after increment = Rs. 120

Let the tax on original salary be 20% and now tax on increased salary  of Rs. 20 will be 22% i.e. Rs. 4.40.

Thus, increase in tax liability =  

100

(  206.60)

=22%

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