Question
Corporation Growth has $85,000 in taxable income, and Corporation Income has $8,500,000 in taxable income. Use the tax rates from Table 2.3. a. What is
Corporation Growth has $85,000 in taxable income, and Corporation Income has $8,500,000 in taxable income. Use the tax rates from Table 2.3. |
| 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 $14,000. How much in additional taxes will each firm pay? |
| Firms | Additional taxes | |||
| Corporation Growth | $ | |||
| Corporation Income | $ | |||
| | ||||
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Development Finance Innovations For Sustainable Growth
Authors: Nicholas Biekpe, Danny Cassimon, Andrew William Mullineux
1st Edition
331954165X, 978-3319541655
