Xavier has taxable income of $174,760 annually. If the federal tax rates are as follows, what is the average federal tax rate? Taxable Income Tax Rate Up to $47,630 15% On the next $47,629 20.5% On the next $52,408 26% On the next $62,704 29% Over $210,371 33% Express your answer as a percent value rounded to 1 decimal place. Do not enter any symbols such as $, % or commas