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matrenka [14]
2 years ago
6

Before being simplified, the instructions for computing income tax in Country R were to add 2 percent of one’s annual income to

the average (arithmetic mean) of 100 units of Country R’s currency and 1 percent of one’s annual income. Which of the following represents the simplified formula for computing the income tax, in Country R’s currency, for a person in that country whose annual income is I ?
A. 50 + I/200
B. 50 + 3I/100
C. 50 + I/40
D. 100 + I/50
E. 100 + 3I/100
Mathematics
1 answer:
Vedmedyk [2.9K]2 years ago
6 0

Answer:

Option C)

50 + \dfrac{I}{40}          

Step-by-step explanation:

We are given the following in the question:

I is the annual income of a person in a country R

2 percent of one’s annual income =

\dfrac{2}{100}\times I = 0.02I

1 percent of one’s annual income =

\dfrac{1}{100}\times I = 0.01I

Average of  100 units of Country R’s currency and 1 percent of one’s annual income.

=\dfrac{0.01I + 100}{2}

Income tax =

2 percent of one’s annual income + Average of  100 units of Country R’s currency and 1 percent of one’s annual income.

= 0.02I + \dfrac{100+0.01I}{2}\\\\=50 + \dfrac{0.04I + 0.01I}{2}\\\\=50 + \dfrac{0.05I}{2}\\\\= 50 + \dfrac{I}{40}

Thus, income tax is given by

Option C)

50 + \dfrac{I}{40}

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