Neiger Flours owes $9,741 in taxes on taxable income of $61,509.If the firm earns $100 more in income, it will owe an additional $22 in taxes.What is the average tax rate on income of $61,609?
A) 15.00 percent
B) 30.33 percent
C) 33.33 percent
D) 35.00 percent
E) 15.85 percent
Correct Answer:
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