Business $J$ operates in a jurisdiction that levies an income tax with the following rate structure:

Business $J$ has the opportunity to invest in a project that should generate $$40,600$ additional taxable income for the year.

Required:

a$.$ Compute the tax cost of the additional income assuming that business J$\text{'}$s taxable income before considering the additional income

is $$96,250.$

b$.$ Compute the tax cost of the additional income assuming that business J$\text{'}$s taxable income before considering the additional income

is $$469,000.$

c$.$ Compute the tax cost of the additional income assuming that business $J$ has a $$21,700$ loss before considering the additional

income.

Complete this question by entering your answers in the tabs below.

Compute the tax cost of the additional income assuming that business J$\text{'}$s taxable income before considering the additional

income is $$96,250.$