Given the tax rates as shown what is the average tax rate

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Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $218,740?

Taxable Income Tax Rate

$0 - $50,000 15%
$ 50,001 - $75,000 25%
$75,001 - $100,000 34%
$ 100,001 - $335,00 39%

a. 28.43 percent
b. 25.38 percent
c. 39.00 percent
d. 30.67 percent
e. 31.34 percent

Reference no: EM13568509

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