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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

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 Tax Rate $ 0 9,875 10% 9,875 40,125 12 40,125 85,525 22 85,525 163,300 24 Multiple Choice 10.76% 20.18% 24.00% 16.26% 21.00%

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