Question 306879
I'm going to let Tax Rate = T for simplicity

5.034 = 5.128*(1-T)


Distribute:

5.034 = 5.128 - 5.128*T


Subtract 5.128 from both sides:

-0.094 = -5.128*T


Divide both sides by -5.128


T= 0.01833


If you want the rate in percent, multiply it by 100.


So the tax rate is 1.83%.