plez help me with steps

Q1. Give the main objectives of different types of Financial statements Exercise 1 A firm reports an income of $150,000 as a taxable income. 1. Calculate the average tax liability for this firm. 2. Calculate marginal tax liability for a firm reporting $100,000 as taxable income. ***+. Exercise 2 What will be the taxable income if firm ABC receives $150,000 in dividends from firm XYZ if the degree of ownership of XYZ by ABC is equal to 60%. cstcamscanner MAXIMAAL