Company has 278,000 in taxable income. What is the Average tax rate?
Corporate Tax Rates
$0-50K 15%
$50,001-75,000 25%
$75,001-100,000 34%
$100,001-335,000 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%