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The Dyrdek Co. had $270,000 in 2014 taxable income. Use the tax rates from Table 2.3. Taxable Income Tax Rate 0-50000 15% 50001-75000 25 75001-100000

The Dyrdek Co. had $270,000 in 2014 taxable income. Use the tax rates from Table 2.3.
Taxable Income Tax Rate
0-50000 15%
50001-75000 25
75001-100000 34
100001-335000 39
335001-10000000 34
10000001-15000000 35
15000001-18333333 38
18333334+ 35

What is the average tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.)

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