Holly's gross pay after two weeks of work is $1475. Her income after taxes is 1321.60. To the nearest tenth, find Holly's income tax rate.
A. 10.4%
B. 10%
C. 11.4%
D. 10.6%
To find Holly's income tax rate, we need to divide her income taxes by her gross pay and then multiply by 100 to express it as a percentage.
Income tax rate = (Income after taxes / Gross pay) * 100
Income tax rate = (1321.60 / 1475) * 100
Income tax rate ≈ 89.8182 * 100 ≈ 10.418%
Rounding to the nearest tenth, Holly's income tax rate is approximately 10.4%.
Therefore, the correct answer is A. 10.4%.