P2-1 Corporate taxes Tantor Supply, Inc., is a small corporation acting as the exclusive distributor of a major line of sporting goods. During 2013, the firm earned $92,500 before taxes. Calculate the firm's tax liability using the corporate tax rate schedule given in Table 2.1. How much are Tantor Supply's 2013 after-tax earnings? What was the firm's average tax rate, based on your findings in part a? What was the firm's marginal tax rate, based on your findings in part a? ruro TavIC2.IL Table 2.1 Corporate Tax Rate Schedule Tax calculation (Marginal rate x amount over base bracket) Range of taxable income Base tax + X amount over + + + (15% (25 (34 Oto $ 50,000 $ 50,000 to 75,000 75,000 to 100,000 100,000 to 335,000 335,000 to 10,000,000 10,000,000 to 5,000,000 15,000,000 to 18,333,333 Over 18,333,333 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 amount over amount over amount over amount over amount over amount over 5 50,000) 75,000) 100,000) 335,000) 10,000,000) 15,000,000) 18,333,333) + + - (35 38 35