Marc, a single taxpayer, earns $63,600 in taxable income and $5,360 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2023, what is his average tax rate? (Use tax rate schedule.)

Note: Round your final answer to two decimal places.

Multiple Choice

14.62 percent

11.94 percent

11.71 percent

22.00 percent

None of the choices are correct.