This year, a company has revenues of $110,000, expenses of $10,000, and depreciation of $8, 500. a) What is the taxable income? b) Using the federal corporate income tax table in the book, how many dollars will the company pay in federal tax? c) If the company actually makes $50,000 more in revenue than expected, how many more dollars will it pay in federal tax? d) If the average federal tax rate is 34%, and the state tax rate is 6.25%, what is the effective tax rate? Show answer to two decimal places (e.g. 34.08%)