Another exercise to calculate a corporation's taxes. (Learning Goal: Discuss business taxes and their importance in financial decisions.) Texana Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2016 the firm earned $95,000 before taxes. a) Calculate the firm's tax liability using the corporate tax rate schedule given in the following table (this is the 2016 federal income tax table for corporations): b) How much are Texana Supply's 2016 after-tax earnings'? c) What is the firm's average tax rate, based on your findings in part (a)? d) What is the firm's marginal tax rate, based on your findings in part (a)