Marc, a single taxpayer, earns $271,500 in taxable income and $4,450 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2018, what is his average tax rate? (Use tax rate schedule)

Multiple Choice

26.05%

22.82%

18.24%

32.82%

None of the choices are correct.

2018 Tax Rate Schedules Individuals Schedule X-Single Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Schedule Z-Head of Household Schedule Y-2-Married Filing Separately