Boisjoly Productions had taxable income of million. a. Calculate Boisjoly's federal income taxes using the tax table shown in the popup window:LOADING.... b.Now calculate Boisjoly's average and marginal tax rates.

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

$enter your response here.

(Round to the nearest dollar.)

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$18,333,333	38%
Over $18,333,333	35%

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