Before being simplified, the instructions for computing income tax in country R were to add 2% of one's annual income to the average of 100 units of country R's currency and 1% of one's annual Income. Which of the following represents the simplified formula for computing the income tax, in country R's currency, for a person in that country whose annual Income is I.
A) 50+I/200
B) 50+3I/100
C) 50+ I/40
D) 100+I/50
E) 100+ 3I/100
Ans C
A) 50+I/200
B) 50+3I/100
C) 50+ I/40
D) 100+I/50
E) 100+ 3I/100
Ans C
