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* What is the effective tax rate of a firm that made $225,000 in taxable income given the following income tax brackets? Round your answer

* What is the effective tax rate of a firm that made $225,000 in taxable income given the following income tax brackets?

Round your answer to the nearest 0.01, in percentage terms.

Taxable Income	Tax Rate
$0 - $50,000	11.50%
$50,001 - $100,000	21%
$100,001 +	30%

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