Divisions of Doubleday computers and Merritt-Douglas computing make competing products for the commercial IT market worldwide. Use the data for each company to compare the following amounts in a tabular format: (please use excel)

A) Effective total tax rate Te

B) Estimate of federal income taxes using the average tax rate

	DoubleDay	M-D
Sales $	2.8 million	4.7 million
Other revenue $	900000	250000
Expenses $	1.4 million	3.1 million
Depreciation $	850000	970000
Total of state and local tax rate %	9.2	7.5
Average federal tax rate %	34	34