Bama & Co.owes a total of $21,684 in taxes for this year.The taxable income is $61,509.If the firm earns $100 more in income,it will owe an additional $56 in taxes.What is the average tax rate on income of $71,609?
A) 28.00 percent
B) 30.33 percent
C) 33.33 percent
D) 35.00 percent
E) 35.29 percent
Correct Answer:
Verified
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