Question

While examining her monthly telephone bill, a woman noticed an additional charge of $1.24 labeled federal excise tax. If the basic service charges for that billing period were $51, what is the federal excise tax rate? Round to the nearest one percent.

Answer 1

2%

Answer 2

2.431 %

Answer 3

to the nearest one percent is 2%

Answer 4

Yes, your right. Overlooked that.
Thank you for the observation.