Before being simplified, the instructions for computing income tax in country R were to add 5 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? Choices
A) 50 + I/200 B) 50 + 3I/100 C) 50+ 11I/200 D) 100+ I/50 E) 100+ 3I/100
Income of a person is I   5 percent of ones annual income = 5I/100   100 units of 50+ 11I/200ountry 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 5 percent = 5I/100 + 50 + I/200   = 50 + 11I/200   So answer is 50+ 11I/200.
<result>C</result>
Before being simplified, the instructions for computing income tax in country R were to add 5 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?