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

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The tax rates for a particular year are shown below: Taxable Income $0 50,000 50,001 - 75,000 75,001 - 100,000 100,001 335,000 Tax Rate 15% 25% 34% 39% What is the average tax rate for a firm with taxable income of $124,013? Multiple Choice O 25.49% 36.39% O O 27.98% O O 39.00%

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