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(Corporate income tax) Boisjoly Productions had taxable income of $19.9 million. a. Calculate Boisjoly's federal income taxes using the tax table shown in the popup

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(Corporate income tax) Boisjoly Productions had taxable income of $19.9 million. a. Calculate Boisjoly's federal income taxes using the tax table shown in the popup window: b. Now calculate Boisjoly's average and marginal tax rates. a. The firm's tax liability for the year is $ (Round to the nearest dollar.) i X Data Table b. The firm's average tax rate is 1%. (Round to two decimal places.) The firm's marginal tax rate is %. (Round to the nearest integer.) D Marginal Tax Rate 15% 25% 34% Taxable Income $0 - $50,000 $50,001 - $75,000 $75,001 - $100,000 $100,001 - $335,000 $335,001 - $10,000,000 $10,000,001 - $15,000,000 $15,000,001 - $18,333,333 Over $18,333,333 39% 34% 35% 38% 35% Print Done

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