1. 13.1 Divisions of Doubleday Computers and Merritt-Douglas Computing make competing products for the commercial IT market worldwide. Use the data for each company to determine

(a) the effective total tax rate Te for Doubleday, and

(b) the taxable income (in millions) for MerrittDouglas.Page 415 Table Summary: Table divided into three columns represents data to calculate total tax rate for IT market. Column 1 lists the account heads. Columns 2 to 3 are marked as: Doubleday and M-D Doubleday M-D Sales, $ 2.8 million 4.7 million Other revenue, $ 900,000 250,000 Expenses, $ 1.4 million 3.1 million Depreciation, $ 850,000 970,000 Total of state and local tax rate, % 9.2 7.5 Average federal tax rate, % 21 21