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The tax rates for a particular year are shown below: Tax Rate 15% Taxable Income $0 50,000 50,001 - 75,000 75,001 - 100,000 100,001 -

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The tax rates for a particular year are shown below: Tax Rate 15% Taxable Income $0 50,000 50,001 - 75,000 75,001 - 100,000 100,001 - 335,000 25% 34% 39% What is the average tax rate for a firm with taxable income of $131,013? Multiple Choice 37.12% . 20.00% 20.00% 26.22% 28.71% 39.00%

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