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The SGS Co. had $225,782 in taxable income. Using the rates from the table below, calculate the companys income taxes. What is the average tax

The SGS Co. had $225,782 in taxable income. Using the rates from the table below, calculate the companys income taxes. What is the average tax rate? Enter your answer with 4 decimals (e.g. 0.12345). (If the table doesn't display, use Table 2.3 from page 32 in the book). image text in transcribed

Taxable income Tax Rate $ 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+ 15% 25 34 39 34 35 38 35

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