If a company earns $976,000 worth of taxable income what is the company's average tax rate?
Taxable income
Tax rate First $50,000 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%
Over $18,333,333 39%