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Corporation A has $89,059 in taxable income, and Corporation B has $2.2 million in taxable income. Suppose both firms have identified a new project that

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Corporation A has $89,059 in taxable income, and Corporation B has $2.2 million in taxable income. Suppose both firms have identified a new project that will increase taxable income by $6,949. How much more will Corporation B pay in additional taxes than will Corporation A? Use the tax rates in Table 2.3. (Do not round intermediate calculations and round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.) TABLE 2.3 Corporate Tax Rates Taxable income 0 50,000 50,001 - 75,000 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 Tax Rate 15% 25 34 39 34 35 38 35

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