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The tax rates are as shown. Taxable Income , Tax Rate $0 - 50,000 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 -

The tax rates are as shown.

Taxable Income , Tax Rate

$0 - 50,000 15%
50,001 - 75,000 25%
75,001 - 100,000 34%
100,001 - 335,000 39%

What is the average tax rate for a firm with taxable income of $163,155?

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