The 2016 Federal Income Tax Brackets for a single filer are as follows:

Taxable Income Tax Rate $0 to $9,275 10% $9,276 to $37,650 $927.50 plus 15% of the amount over $9,275 $37,

651 to $91,150 $5,183.75 plus 25% of the amount over $37,650

$91,151 to $190,150 $18,558.75 plus 28% of the amount over $91,150

$190,151 to $413,350 $46,278.75 plus 33% of the amount over $190,150

$413,351 to $415,050 $119,934.75 plus 35% of the amount over $413,350

$415,051 or more $120,529.75 plus 39.6% of the amount over $415,050

Suppose a single person makes $757,946 in taxable income.

What is his/her effective tax rate? (round to two decimal places