Hallick, Incorporated has a fiscal year ending June $30.$ Taxable income was $$7,500,000$ for its year ended June $30,2018,$ and it projects similar taxable income for its $2023$ fiscal year. Use $2017$ tax rate schedule if needed.

Required:

Compute Hallick$$s regular tax liability for its June $30,2018,$ tax year.

Compute Hallick's projected regular tax liability for its June $30,2023,$ tax year.