Corporation A has $80837 in taxable income, and Corporation B has $1.3 million in taxable income. Using the tax rates from Table 2.3, what is the difference between the tax bills of these two firms?

Taxable Income 0- 50,000 50,001 75,000 75,001 100,000 100,001- 335,000 335,001 -10,000,000 10,000,001-15,000,000 15,000,001-18,333,333 18,333,334 Tax Rate 15% 25 39 34 35 38 35 TABLE 2.3 Corporate Tax Rates