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

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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 $311,360?

Reference no: EM13568599

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