The effective income tax rate is defined as the percentage of taxes paid in relations to a tax payers gross income. Calculate the effective tax rate for a person with the following profile:

Gross income of $60,000.00

Number of exemptions: 2 (assume $3,500.00/exemption)

Allowed itemized deductions:

Donations: $1,000

Mortgage interest: $6,500

State and local taxes: $500.00

Standardized deduction: $6,000

Total tax credits: $1,600.00

Tax brackets:

Between	But Not Over	Tax Rate
$0	$5,500	0%
$5,501	$26,250	10%
$26,251	$63,550	15%
$63,551	$132,600	27%
$132,601	$288,350	35%
$288,351	-----	38.6%