SOLUTION: An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate taxation on his gross income?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate taxation on his gross income?      Log On


   

Question 930718: An employee pays an income tax of P12,210.00 on his gross income of P146,520.00. What is the rate taxation on his gross income?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
12210/146520=-0.083=8.3%