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

10.6%
10.6%

10.4%
10.4%

10%
10%

11.4%

Answer 1

To find Holly's income tax rate, we can divide her income tax by her gross pay and multiply by 100 to get a percentage.

Income tax rate = (income tax / gross pay) * 100

= (1321.60 / 1475) * 100

≈ 89.6101694915

Thus, Holly's income tax rate is approximately 10.6%.

Therefore, the correct response is:

10.6%