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The instruction for computing income tax

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divya
 Post subject: The instruction for computing income tax
 Post Posted: Sun Sep 07, 2008 5:35 pm 
The wording of this question (Gmat Prep) puzzled me.. Any insight to this will be helpful:

Before being simplified; the instruction for computing income tax in Country R were to add 2 % of one's annual income to the average of 100 units of Country's R currency and 1 percent of one's annual income. Which of the following represents the simplified formula for computing the income tax, in County R's currency, for a person in that country whose annual income is I

answer: 50 + l/40
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Raj
 Post subject: Re: The instruction for computing income tax
 Post Posted: Mon Sep 08, 2008 12:14 am 
Hi,

again, the wording on this could be better, but I guess we have to understand this language to do well..

By "Before being simplified", they mean, before simplifying the equation to its simplest form:

According to the statement

Tax = .02I + (100+.01I)/2 = (o.04I + 100 + 0.01I)/2 = (0.05I+100)/2 = 50 + I/40.

Also, thanks for the wishes.

-Raj.


divya wrote:
The wording of this question (Gmat Prep) puzzled me.. Any insight to this will be helpful:

Before being simplified; the instruction for computing income tax in Country R were to add 2 % of one's annual income to the average of 100 units of Country's R currency and 1 percent of one's annual income. Which of the following represents the simplified formula for computing the income tax, in County R's currency, for a person in that country whose annual income is I

answer: 50 + l/40
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Guest
 Post subject: raj
 Post Posted: Mon Sep 08, 2008 9:27 pm 
Got it.. thanks much !!
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RonPurewal
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 Post Posted: Mon Sep 29, 2008 6:17 am 
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