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Below is the income tax system for the country of Atlantis: For income from...

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Accounting

Below is the income tax system for the country of Atlantis: For income from $0 to $25, no income tax For all income above $25 but less than $100, the tax rate is 15% For all income above $100 but less than $250, the tax rate is 25% For all income above $250 and above, the tax rate is 40% John Does income is $300. What is John Doe's AVERAGE tax rate? Group of answer choices 15% 28% 25% 23% 40%

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