Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $126,500? $$\begin{array} { | r | l | }
\hline \text { Taxable Income } & \text { Tax Rate } \
\hline \$ 0 - 50,000 & 15 \% \
\hline 50,001 - 75,000 & 25 \% \
\hline 75,001 - 100,000 & 34 \% \
\hline 100,001 - 335,000 & 39 \% \
\hline
\end{array}$$
A)21.38%
B)23.88%
C)25.76%
D)34.64%
E)39.00%

Question

Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $126,500? $$\begin{array} { | r | l | } 
\hline \text { Taxable Income } & \text { Tax Rate } \
\hline \$ 0 - 50,000 & 15 \% \
\hline 50,001 - 75,000 & 25 \% \
\hline 75,001 - 100,000 & 34 \% \
\hline 100,001 - 335,000 & 39 \% \
\hline
\end{array}$$
A)21.38%
B)23.88%
C)25.76%
D)34.64%
E)39.00%

Quizplus · Accepted Answer

The Answer of Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $126,500? $$\begin{array} { | r | l | } 
\hline \text { Taxable Income } & \text { Tax Rate } \
\hline \$ 0 - 50,000 & 15 \% \
\hline 50,001 - 75,000 & 25 \% \
\hline 75,001 - 100,000 & 34 \% \
\hline 100,001 - 335,000 & 39 \% \
\hline
\end{array}$$
A)21.38%
B)23.88%
C)25.76%
D)34.64%
E)39.00%

Given the Tax Rates as Shown, What Is the Average