Answer: 17/2
Step-by-step explanation: 2/3 of 12 3/8 = 8.25
8.25 as a fraction= 17/2.
Answer: The answer is C, and D.
Hello!
Rate of income tax = Tax paid / Monthly income
⇒ Rate = 8,000 / 40,000
⇒ Rate = 0.2
⇒ Rate = 20%
∴ The rate of income tax is 20%.