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Taxable Income Tax Rate 12% 25 33 0- 50,000 50,001 - 75,000 75,001 - 100,000 100,001- 335,000 335,001 - 10,000,000 10,000,001 - 15,000,000 15,000,001 -
Taxable Income Tax Rate 12% 25 33 0- 50,000 50,001 - 75,000 75,001 - 100,000 100,001- 335,000 335,001 - 10,000,000 10,000,001 - 15,000,000 15,000,001 - 18,333,333 18,333,334+ 44 35 38 35 The SGS Co. had $485,200 in taxable income. Using the rates from the above table, what is the company's average tax rate? Select one: a 39.56% b.41.13% c.36.74% d.32.45%
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