Problem: Tax Rates
The Dyrdek Co. had $300,000 in 2014 taxable income. Use the tax rates from Table 2.3.
What is the average tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Average tax rate %
What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.)
Marginal tax rate