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Chapter 2-017: Corporation Growth has $83,000 in taxable income, and Corporation Income has $8,300,000 in taxable income. Use the tax rates from Table 2.3. Corporate

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Chapter 2-017: Corporation Growth has $83,000 in taxable income, and Corporation Income has $8,300,000 in taxable income. Use the tax rates from Table 2.3. Corporate Tax Rates Taxable income Tax Rate 0-50,000 15% 50,00175,000 75,001- 100,000 100,001 - 335,000 335,00110,000,000 10,000,001-15,000,000 15,000,001-18,333,333 18,333,334+ $ 25 34 39 34 35 38 35 a. What is the tax bill for each firm? b. Suppose both firms have identified a new project that will increase taxable income by $12,000. How much in additional taxes will each firm pay

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