What is the average tax rate for a firm with taxable income

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Reference no: EM132023301

The tax rates are as shown.

Taxable Income Tax Rate
$0 - 50,000 15%
50,001 - 75,000 25%
75,001 - 100,000 34%
100,001 - 335,000 39%

Given the tax rates as shown, what is the average tax rate for a firm with taxable income of 289,740

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Reference no: EM132023301

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