Problem $2-13$ Spreadsheet Problem: Corporate Taxes $($LG$2-3)$

Everybody's Fitness's income statement is reported below $($in millions of dollars$)($Use corporate tax rate

of $21$ percent for your calculations.$)$

Determine the firm's tax liability.

Note: Enter your answer in dollars not in millions.

Tax liability

Determine the firm's net income.

Note: Enter your answer in dollars not in millions.