Replace the existing system with a progressive tax system that would tax business and individuals, using these schedules: Give these tax schedule, calculate the tax liabilities for: Nal's Clothworkers Company, which earns an income of SR25,000,00 The following three individual taxpayers: (1) Styrr, a beekeeper earning SR12,000 per year; (2) Bera, a cooper (barrel maker) earning SR35,000 per year; (3) Einar, a banker earning SR70,000 per year If you were the owner or manager of a Rodosian business, such as Nal's Clothworkers, would you prefer the existing tax system or the progressive tax system? Why? The existing tax system, because my tax obligation would be greater than that incurred under the progressive system, This would reduce the profit available to the firm and is shareholders. The existing tax system, because my obligation would be less than that incurred under the progressive system. This would increase the amount of funds available to the firm's shareholders. The progressive tax system, because the firm's tax obligation would be greater than that incurred under the existing system. This would reduce the profit available the firm and its shareholders