Question: 21) Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $289,740? Taxable Income Tax Rate

21) Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $289,740? Taxable Income Tax Rate 15% 25% 34% 39% S0-50,000 50,001- 75,000 75,001 -100,000 100,001-335,000 A) 26.68 percent B) 39.00 percent C) 34.67 percent D) 33.22 percent E) 35.87 percent

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