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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% 100,001 335,000 39% What is the

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 $130,513?

Multiple Choice

37.07%

26.17%

28.66%

20.00%

39.00%

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