The SGS Co. had $226,139 in taxable income. Using the rates from the table below,...
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The SGS Co. had $226,139 in taxable income. Using the rates from the table below, calculate the companys income taxes. What is the average tax rate? Enter your answer as 4 decimals (e.g. 12.34% is to be entered as 0.1234). (If the table doesn't display, use Table 2.3 from page 31 in the book).
Taxable Income Tax Rate
0-50,000 15%
50,001-75,000 25
75,001-100,000 34
100,001-33,5000 39
335,001-10,000,000 34
10,000,001-15,000,000 35
15,000,001-18,333,333 38
18,333,334+ 35
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