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Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $311,360? Taxable Income Tax Rate $0-

Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $311,360?

Taxable Income Tax Rate

$0- 50000 15%

50001- 75000 25%

75001- 100000 34%

100001- 335000 39%

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