Corporation Growth has $84,000 in taxable income, and Corporation Income has $8,400,000 in taxable income. Use the tax rates from Table below

a.	What is the tax bill for each firm?

Firms	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?

Firms	Additional taxes
Corporation Growth		$
Corporation Income		$
$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%