Corporation A has $84654 in taxable income, and Corporation B has $7.2 million in taxable income. Suppose both firms have identified a new project that will increase taxable income by $13496. How much more will Corporation B pay in additional taxes than will Corporation A? Use the tax rates in Table 2.3.

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