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The tax rates for a particular year are shown below: Taxable IncomeTax ... Rate $0 - 50,000... 15% 50,001 - 75,000... 25% 75,001 - 100,000

The tax rates for a particular year are shown below:

Taxable IncomeTax ... 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 $125,513?

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