Hall Inc. has computed federal taxable income before deduction

Hall Inc. has computed federal taxable income before deduction

Hall Inc. has computed federal taxable income before deduction for state
taxes of $3 million. It incurred state income tax in six states of
$750,000 and paid $60,000 in state franchise taxes.

a. Calculate Hall Inc. federal taxable income and tax liability.

b. Calculate Hall Inc.total federal and state tax burden as a percentage of pretax earnings