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Taxable income Tax rate $0-$50,000 15% 50,001-75,000 25% 75,001-100,000 34% 100,001-335,000 39% Given the tax rates as shown, what is the average tax rate for

Taxable income Tax rate

$0-$50,000 15%

50,001-75,000 25%

75,001-100,000 34%

100,001-335,000 39%

Given the tax rates as shown, what is the average tax rate for a firm with taxable income of 131013?

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