Wildman Inc. is preparing tax filings for 2019. Assume the following tax table is applicable:

	Tax on Base	Percentage on
Taxable Income	of Bracket	Excess above Base
Up to $50,000	$ 0	15%
$50,000$75,000	7,500	25
$75,000$100,000	13,750	34
$100,000$335,000	22,250	39
$335,000$1,000,000	113,900	34
$1,000,000$10,000,000	350,000	36
$10,000,000$15,000,000	3,400,000	35
$15,000,000$18,333,333	5,150,000	38
Over $18,333,333	6,416,667	35

The income statement shows that the taxable income is $1,680,500 in 2019.

a. What is Wildman Inc. tax liability?

Tax liability = $

b. What is the firms average tax rate? Do not round intermediate calculations.

Average tax rate = %