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)

Question

Responses

10%
10%

10.6%
10.6%

10.4%
10.4%

11.4%

Answer 1

To find Holly's income tax rate, we can use the formula: (Income tax / Gross pay) * 100.

Substituting in the given values, we have (1321.60 / 1475) * 100 = 89.6%.

Rounded to the nearest tenth, Holly's income tax rate is 10.6%. So, the correct answer is 10.6%.