mgglenn mgglenn

22-10-2019
Mathematics

contestada

what flat tax rate would be necessary to collect 800,000 on 4,970,000

Respuesta :

mberisso mberisso

22-10-2019

Answer:

16.096 %

Step-by-step explanation:

We want a tax rate (r) such that:

[tex]800000=r*4970000\\r=\frac{800000}{4970000} =0.160965[/tex]

This tax rate corresponds to 16.096 %

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