Question
Corporation Growth has $82,000 in taxable income, and Corporation Income has $8,200,000 in taxable income. a. What is the tax bill for each firm? (Do
Corporation Growth has $82,000 in taxable income, and Corporation Income has $8,200,000 in taxable income.
a. What is the tax bill for each firm? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
| Tax bill | |
| Corporation Growth | $ |
| Corporation Income | $ |
b. Suppose both firms have identified a new project that will increase taxable income by $13,000. How much in additional taxes will each firm pay? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
| Additional taxes | |
| Corporation Growth | $ |
| Corporation Income | $ |
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Profit First For Lawn Care And Landscape Businesses
Authors: Christeen Era, Steven A Rigolosi, Mike Michalowicz
1st Edition
0578908158, 978-0578908151
