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Corporation A has $86111 in taxable income, and Corporation B has $7.9 million in taxable income. Using the tax rates from the table below, what

Corporation A has $86111 in taxable income, and Corporation B has $7.9 million in taxable income. Using the tax rates from the table below, what is the difference between the tax bills of these two firms?

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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