Assume a single taxpayer is taxed at 10% on the first $9,875 of taxable income, 12% on the next $30,250 of income, and at 22% for the following $45,400 of income. What is the average tax rate for that individual if his taxable income is $82,275?

Multiple Choice

19.80%

16.47%

16.88%

14.47%