Given the tax rates as shown, what is the average tax rate for a firm with taxable income of $218,700? taxable income tax rate (%) $0 - 50,000 15 50,001 - 75,000 25 75,001 - 100,000 34 100,001 - 335,000 39 a. 33.88% b. 34.64% c. 31.34% d. 32.09%
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