Before being simplified, the instructions for computing income tax in country R were to add 7 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?	Answers:
A) 50 + I/200
B) 50 + 15I/100
C) 50+ I/40
D) 100+ I/50
E) 100+ 3I/100
Income of a person is I   7 percent of ones annual income = 7I/100   100 units of Country R's currency = 100   1 percent of one's annual income = I/100   Average of 100 units and 1 percent annual income = 50 + I/200   Sum of average and 7 percent = 7I/100 + 50 + I/200   = 50 + 15I/200   So answer is 50 + 15I/100.
<result>B</result>
Before being simplified, the instructions for computing income tax in country R were to add 7 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?