$2.$ The XYZ Company builds finished plastic products and has decided purchase manufacturing equipment $($special tools$)$ at a cost of $$900,000.$ This equipment qualifies for $60\%$ bonus depreciation, the balance will be depreciated using the MACRS deprecation method. The gross income for the calendar year was $$1,800,000.$ Supplies and operating expenses were $$500,000.$

a$.$ What is firms taxable income for the first year?

b$.$ How much in taxes will the firm pay in the first year?