Hallick, Incorporated has a fiscal year ending June 30. Taxable income was $6,500,000 for its year ended June 30, 2018, and it projects similar taxable income for its 2022 fiscal year. Use 2017 tax rate schedule if needed.

Required:

1. Compute Hallicks regular tax liability for its June 30, 2018, tax year.
2. Compute Hallick's projected regular tax liability for its June 30, 2022, tax year.

Answer is complete but not entirely correct