Please explain how you're calculating tax obligation and tax rate so I can study this session. Thank you!

Policy Proposal 1: Replace the existing system with a progressive tax system that would tax business and individuals, using these schedules: Business Tax Rates You Pay This Amount onPlus This Percentage on If your Taxable Income Is Up to 10,000,000 10,000,000-25,000,000 25,000,000-60,000,000 60,000,000-90,000,000 Over 90,000,000 the Base of the Bracket SRO SR800,000 SR3,200,000 SR11,600,000 SR21,200,000 the Excess over the Base 896 16% 24% 32% 40% Personal Tax Rates You Pay This Amount on the Base of the Bracket SRO SR1,440 SR5,840 SR16,940 Plus This Percentage on If Up to 16,000 16,000-38,000 38,000-75,000 Over 75,000 r Taxable Income Is the Excess over the Base 9% 20% 30% 40% Given these tax schedules, calculate the tax liabilities for: Taxpayer Tax Obligation Average Tax Rate . Nal's Clothworkers Company, which eams an income of Nal's Clothworkers Styrr Bera Einar SR65,000,000 . The following three individual taxpayers: (1) Styrr, a baker 8,000 per year; (2) Bera, a farmer eaming eaming SR1 SR42,000 per year; (3) Einar, a banker eaming SR87,000 per year If you were a Rodosian taxpayer, such as Styrr, Bera, or Einar, would you prefer the existing tax system or the progressive tax system? Why? O The progressive tax system, because my tax obligation would be significantly greater than that incurred under the existing system. This would reduce my disposable income. O The existing tax system, because my tax obligation would be greater than that incurred under the progressive system. This would reduce my disposable income The existing tax system, because my tax obligation would be significantly less than that under the progressive system. This would increase my disposable income. Policy Proposal 2: Impose a 50% tax increase on individual and business taxpayers to pay for a proposed expansion and improvement of the kingdom's port facilities. It is anticipated that the project will increase trade with nearby islands and thereby increase employment and profits in Rodos. What effect will this tax have on Nal's Clothworkers and individual Rodosians? O This tax will increase the tax revenues received by Treasury of Rodos. O All other things equal, this tax will increase the disposable income of both Rodosian citizens and businesses, making it easier for businesses to invest in the equipment and personnel necessary to participate in any increased interisland trade. O All other things equal, this tax will reduce the disposable income of both Rodosian citizens and businesses, making it more difficult for businesses to invest in the equipment and personnel necessary to participate in any increased interisland trade