Hallick, Incorporated has a fiscal year ending June $30.$ Taxable income was $$7,400,000$ 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:

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

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

a$.$ Regular tax liability

b$.$ Projected regular tax liability