QUESTION 14 Suppose the tax table for single individuals is given below: Tax on base of bracket Rate on amount above Taxable income base $0 - 10,000 $0 1096 $10,000 - 40,000 $1,000 1296 $40,000 - 85,000 $4,600 2296 $85,000 - 160,000 $14,500 2496 $160,000 - 200,000 $32,500 3296 $200,000 - 500,000 $45,300 3596 $500,000 and up $150,300 3796 Suppose Tim's taxable income this year is $61,000. What is his average tax rate? O a. 34.3996 ob. 29.54% O C. 15.1196 d. 2296 O e. 7.5796