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Given the Tax Rates as Shown,what Is the Average Tax

Question 36

Multiple Choice

Given the tax rates as shown,what is the average tax rate for a firm with taxable income of €126,500?
 Taxuble Inctane  Tw Rate  €0 - 50,000 15%50,00175,00025%75,001100,00034%100,001335,00039%\begin{array} { | l | l | } \hline \text { Taxuble Inctane } & \text { Tw Rate } \\\hline \text { €0 - 50,000 } & 15 \% \\\hline 50,001 - 75,000 & 25 \% \\\hline 75,001 - 100,000 & 34 \% \\\hline 100,001 - 335,000 & 39 \% \\\hline\end{array}


A) 21.38%
B) 23.88%
C) 25.76%
D) 34.64%
E) 39.00%

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