Government G levies an income tax with the following rate structure:

Percentage Rate			Bracket
	6	%	Income from 0 to $30,000
	10		Income from $30,001 to $70,000
	20		Income from $70,001 to $200,000
	28		Income in excess of $200,000

Taxpayer O earns $60,500 annually during years 1 through 10. Taxpayer P earns $22,500 annually during years 1 through 5 and $98,500 annually during years 6 through 10. Assume the tax rate bracket has not changed.

Required:

2. Compute each taxpayers average tax rate for the 10-year period.

	Average Tax Rate
Taxpayer P	%