Author: paulee Subject: GMAT Prep – Computing Income Tax – No Idea Posted: Tue Dec 29, 2009 4:15 am (GMT -8) Before being simplified, the instructions for computing income tax in country R were to add 2 percent of one’s annual income to the average (arithmetic mean) of 100 units of country R’s currency and 1 percent 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?

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Problem Solving :: GMAT Prep – Computing Income Tax – No Idea