Average tax rate for an individual with taxable income

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Calculate the average tax rate for an individual with taxable income of $311, 360. Also, why will the average tax rate almost certainly be lower than the marginal tax rate?

Taxable Income Tax Rates

$ 0- 50,000 15%

50,001- 75,000 25%

75,001- 100,000 34%

100,001- 335,000 39%

Reference no: EM132643426

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