The income tax rate is increased by 24%, which causes a person's net…
PYQ Infosys 2024
The income tax rate is increased by 24%, which causes a person's net (post-tax) income to fall by 1%, while their gross income stays the same. What is the original rate of tax?
- A.
5%
- B.
4%
- C.
8%
- D.
7%
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