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Based on the tax table below, what is the average tax rate for a sole proprietor with taxable income of $155,000? Ignore any standard or

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Based on the tax table below, what is the average tax rate for a sole proprietor with taxable income of $155,000? Ignore any standard or itemized deductions. Taxable Income $ 0-9,875 9,875 40,125 40,125 85,525 85,525 163,300 A. 20.18% B. 24.00% C. 16.26% D. 21.00% Tax Rate 10% 12 22 24

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