Annual taxable income ($) 0-10,200 10,200 - 34,750 34,750 90,250 90,250-195,200 195,200 400,000 400,000 and over Tax rate 0% 10% of excess over 10,200 2,900+20% of excess over 34,750 7,500+25% of excess over 90,250 17, 250+ 28% of excess over 195,200 35,000+ 35% of excess over 400,000 Luca's annual taxable income is $29,800. What percentage of his income does he pay in tax? Answer