3.10 (Corporate income tax)Boisjoly Productions had taxable income of

$19.3 million.a. Calculate Boisjoly's federal income taxes using the tax table shown in the popup window:

Taxable Income Marginal Tax Rate

$0$50,000 15%

$50,001$75,000 25%

$75,001$100,000 34%

$100,001$335,000 39%

$335,001$10,000,000 34%

$10,000,001$15,000,000 35%

$15,000,001$18,333,33 38%

Over $18,333,333 35%

b.Now calculate Boisjoly's average and marginal tax rates.

a.The firm's tax liability for the year is $