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The annual bonus given to the employees of a company is 5% of their taxable incomes, after the state and central taxes are deducted. The state tax is 10% of taxable income. The central tax is 20% of taxable income after deducting the state tax. Formulate this situation for determining the bonus, as a linear system.

The annual bonus given to the employees of a company is 5% of their taxable incomes, after the state and central taxes are deducted. The state tax is 10% of taxable income. The central tax is 20% of taxable income after deducting the state tax. Formulate this situation for determining the bonus, as a linear system.

Grade:12

1 Answers

Saurabh Koranglekar
askIITians Faculty 10335 Points
4 years ago
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