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Question
In 2017, Boyer Enterprises had $76,700 in taxable income. What was the firm's average tax rate for the year?
| Taxable Income | Tax Rate | |||||||||
| $ | 0 | - | 50,000 | 15 | % | |||||
| 50,001 | - | 75,000 | 25 | |||||||
| 75,001 | - | 100,000 | 34 | |||||||
| 100,001 | - | 335,000 | 39 | |||||||
A) 28.25 percent
B) 18.68 percent
C) 26.48 percent
D) 20.14 percent
E) 29.03 percent
Answer
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