Holly’s gross pay after two weeks of work is $1,475. Her income after taxes is $1,321.60. To the nearest tenth, find Holly’s income tax rate.(1 point) Responses 10% 10% 10.6% 10.6% 11.4% 11.4% 10.4%

Answer 1

To calculate Holly's income tax rate, we need to divide her income taxes by her gross pay and multiply by 100.

Income tax rate = (Income after taxes / Gross pay) * 100

Income tax rate = (1321.60 / 1475) * 100 ≈ 89.84%

Rounded to the nearest tenth, Holly's income tax rate is 10.4%.