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Daisy Co. has $267,000 in taxable income and Binget Co. has $1,600,000 in taxable income. Suppose both firms have identified a new project that will
Daisy Co. has $267,000 in taxable income and Binget Co. has $1,600,000 in taxable income. Suppose both firms have identified a new project that will increase taxable income by $10,000. The additional project will increase Able Co.'s taxes by _____ and Bravo Co.'s taxes by ____.
Taxable Income Tax Rate
$0-9,525 10%
9,525-38,700 12
38,700-82,500 22
82,500-157,500 24
157,500-200,000 32
200,000-500,000 35
500,000+ 37
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