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The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 50,000 15% 50,001 75,000 25% 75,001 100,000 34% 100,001 335,000

The tax rates for a particular year are shown below: 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 $129,513? Multiple Choice a)36.97% b)26.07% c)28.56% d)39.00% e)20.00%

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