IS20 Ch.2 4) Assume a single taxpayer is taxed at 10% on the first $9,525 of taxable income, 12% on the next $29,175 of income, and at 22% for the following $43,800 of income. What is the average tax rate for that individual if her taxable income is $42,000? A) 16.13% B) 12.33% 100% Ram 15) Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building is currently valued at $209,000. The firm has other fixed assets that cost $56,000 and are currently valued at $32,000. To date, the firm has recorded a total of $49,000 in depreciation on the various assets it currently owns. Current liabilities are $36,600 and networking capital is $18.400. What is the total book value of the firm's assets? A) $379,000 B) $251,000 C) $214,400 D) $241,000 E) $232,600