Suppose the tax table for single individuals is given below:

Taxable income	Tax on base of bracket	Rate on amount above base
$0 - 10,000	$0	10%
$10,000 - 40,000	$1,000	12%
$40,000 - 85,000	$4,600	22%
$85,000 - 160,000	$14,500	24%
$160,000 - 200,000	$32,500	32%
$200,000 - 500,000	$45,300	35%
$500,000 and up	$150,300	37%

Suppose Julios taxable income this year is $62,000. What is his average tax rate?

A. 29.42%

B. 35.1%

C. 22%

D. 15.23

E. 7.81%