LG$5$

P$1-7$ Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive

distributor of a major line of sporting goods. During $2020,$ the firm earned $$1,863,600$ before taxes.

a$.$ Calculate the firm's tax liability.

b$.$ How much are Tantor Supply's $2020$ after$-$tax earnings?

c$.$ What was the firm's average tax rate, based on your findings in part a$?$

d$.$ What was the firm's marginal tax rate, based on your findings in part a$?$