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Corporation Growth has $83,000 in taxable income, and Corporation Income has $8,300,000 in taxable income. Use the tax rates from Table 2.3 a. What is
Corporation Growth has $83,000 in taxable income, and Corporation Income has $8,300,000 in taxable income. Use the tax rates from Table 2.3 a. What is the tax bill for each firm? (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) Firms Tax Bill Corporation Growth Corporation Income b. Suppose both firms have identified a new project that will increase taxable income by $12,000. How much in additional taxes will each firm pay? (Do not round intermediate calculations.) Firms Additional taxes Corporation Growth Corporation Income
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