Taxable Income	Marginal Tax Rate
$0 9,525	10%
$9,525 38,700	12%
$38,700 82,500	22%
$82,500 157,500	24%
$157,500 200,000	32%
$200,000 500,000	35%
$500,000+	37%

Given the marginal tax rate table above, what is the average tax rate for a firm with taxable income of $629,000?

Given the marginal tax rate table above, what is the average tax rate for a firm with taxable income of $629,000?