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Corporation AB's marginal tax rate is 15 percent, and Corporation YZ's marginal tax rate is 21 percent. Required: a. If both corporations are entitled

Corporation AB's marginal tax rate is 15 percent, and Corporation YZ's marginal tax rate is 21 percent. Required: a. If both corporations are entitled to an additional $6,200 deduction, how much tax savings will the deduction generate for each corporation? b. If both corporations are entitled to a $6,200 tax credit, how much tax savings will the credit generate for each corporation? (Assume that each corporation's precredit tax exceeds $6,200.) Complete this question by entering your answers in the tabs below. Required A Required B If both corporations are entitled to an additional $6,200 deduction, how much tax savings will the deduction generate for each corporation? Tax savings Corporation AB Corporation YZ < Required A Required B > Required A Required B If both corporations are entitled to a $6,200 tax credit, how much tax savings will the credit generate for each corporation? (Assume that each corporation's precredit tax exceeds $6,200.) Corporation YZ Tax savings Corporation AB

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