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2) Assume the following tax schedule for Tax Year 2021. Tax Rate Taxable Income $ 0-50,000 15% $ 50,001-75,000 25% $ 75,001-100,000 34% $100,001-335,000 39%

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2) Assume the following tax schedule for Tax Year 2021. Tax Rate Taxable Income $ 0-50,000 15% $ 50,001-75,000 25% $ 75,001-100,000 34% $100,001-335,000 39% In 2021, Tux Shipping earned $152,000 before taxes. In other words, Taxable Income was $152,000. What is the firm's tax liability

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