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 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?
(A) 50+(I/200)
(B) 50+(3I/100)
(C) 50+(I/40)
(D) 100+(I/50)
(E) 100+(3I/100)
Ans: C
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