Because he’s taxed by his home planet, Mork pays a tax rate of 45% on his income, while Mindy pays...

Because he’s taxed by his home planet, Mork pays a tax rate of 45% on his income, while Mindy pays a rate of only 20% on hers. If Mindy earned 4 times as much as Mork did, what was their combined tax rate?

Quiz

Answer/Solution

25%

Steps/Work

Let x be Mork's income, then Mindy's income is 4x.
The total tax paid is 0.45x + 0.8x = 1.25x
1.25x / 5x = 0.25
The answer is B.

Gain Calculator / Auto Solver

Because he ’ s taxed by his home planet, mork pays a tax rate of % on his income, while mindy pays a rate of only % on hers. If mindy earned times as much as mork did, what was their combined tax rate?

Calculated Answer

25

Step by Step Solution

In order to solve problem, you must evaluate (n0 / 100 + n2 * n1 / 100) / (n2 + 1) * 100.

n0 =45
n1 =20
n2 =4