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

User Pureofpure
by
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1 Answer

2 votes

Answer:

16.096 %

Explanation:

We want a tax rate (r) such that:


800000=r*4970000\\r=(800000)/(4970000) =0.160965

This tax rate corresponds to 16.096 %

User Krxldfx
by
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