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If Income is more than But not over Base Tax Marginal Tax Rate Of the amount over $0 $21,100 $0 16.00% $11,000 $21,100 $69,750 $1,616
| If Income is more than | But not over | Base Tax | Marginal Tax Rate | Of the amount over |
| $0 | $21,100 | $0 | 16.00% | $11,000 |
| $21,100 | $69,750 | $1,616 | 27.00% | $21,100 |
| $69,750 | $129,418 | $14,752 | 31.00% | $69,750 |
| $129,418 | $289,500 | $33,249 | 33.00% | $129,418 |
| $289,500 | - | $86,076 | 34.00% | $289,500 |
| Please use this tax table to answer the following question: | ||||
John had gross income of $965049 which they offset with deductions of $24284 and credits in the amount of $22625. Based on what they owe in income taxes, what is John's effective tax rate?
Note: Enter your answer as a percentage to two decimal places.
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