The Party Place is preparing its 2015 financial statements. The following are its pre-tax amounts:

Income from continuing operations before tax		$150,000
Gain from discontinued operations		12,000

Income tax computations show income tax (including tax on discontinued operations, if any) of $48,600. a) Calculate the average tax rate.

Average tax rate =

b) How much income tax should be allocated to each component of income?

Income from continuing operations before tax
Gain from discontinued operations
Total income tax