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P1-6 Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2018, the

P1-6 Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2018, the firm earned $92,500 before taxes.

a. Calculate the firm's tax liability.

b. How much are Tantor Supply's 2018 after-tax earnings?

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

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