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Company A has $82,900 in taxable income, and Company B has $4.0 million in taxable income. Using the tax rates from the Table below. What

Company A has $82,900 in taxable income, and Company B has $4.0 million in taxable income. Using the tax rates from the Table below. What is the difference between the tax bills of these two firms? (round to nearest dollar)

Taxable Income Tax Rate
$ 0-50,000 15%
$ 50,001-75,000 25%
$ 75,001-100,000 34%
$ 100,001-335,000 39%
$ 335,001-10,000,000 34%
$ 10,000,001-15,000,000 35%
$ 15,000,001-18,333,333 38%
$ 18,333,334+ 35%

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