Answer:
The rate of income tax applied on Mr. Fuller income is 16 % .
Step-by-step explanation:
Given as :
The total Income of Mr. Fuller = $ 11,250
The total income tax paid by him = $ 1,800
Let The rate of income tax = r %
Now, According to question
The rate of income tax × The total Income of Mr. Fuller = The total income tax paid by him
Or, r % × $ 11,250 = $ 1,800
Or, [tex]\frac{r}{100}[/tex] × $ 11,250 = $ 1,800
or, [tex]\frac{r}{100}[/tex] = [tex]\frac{1800}{11250}[/tex]
Or, r = 0.16 × 100
∴ r = 16 %
So, rate of income tax = r = 16 %
Hence The rate of income tax applied on Mr. Fuller income is 16 % . Answer
