If your gross pay is 3100 in a month and you are taxed $950, what is your tax rate.

Question

asked Jan 28, 2020 199k views

1 Answer

Takashi · Answer 1 · 2020-02-01T10:12:52+0000

Answer:

about 30.65%

Explanation:

The tax rate is the ratio of tax to the amount being taxed.

Multiply the ratio by 100% to make it be a percentage:

950/3100 × 100% ≈ 30.65%