A sole proprietorship firm has taxable income of $120,600. Assume this is the sole source of income for the owner. 91 BEDS Taxable Income $ 0 9,525 9,526 38,700 38,701 82,500 82,501 157,500 157,500 200,000 Tax Rate 10% 12 22 24 32 First: 9525 x 101 9525 (387009526) x12 3500.88 Renung = 3500.88-952. 2nd a) What is average income tax rate? - 2548.38