3. Malik makes $300,000 in revenue in his first year from the sale of his crops. Assume his other farm expenses total $50,000. The federal income tax bracket that applies to Malik is Tax bracket Marginal tax rate $0-20,550 10% $20,550-83,550 12% $83,550-178,150 22% $178,150-340,100 24% a. What will his ordinary income taxes be under regular MACRS? b. What will his ordinary income taxes total if he uses Section 179 Expensing