i cant seem to figure out the net loss on this problem and ive been trying for 2 days can you help me please? 5. value: 3.00 points

Corporation Growth has $83,000 in taxable income, and Corporation Income has $8,300,000 in taxable income. Use the tax rates fromTable 2.3.

a.	What is the tax bill for each firm?(Do not round intermediate calculations.)

Firm	Tax Bill
Corporation Growth	$
Corporation Income	$

b.	Suppose both firms have identified a new project that will increase taxable income by $10,000. How much in additional taxes will each firm pay?(Do not round intermediate calculations.)

Firm	Additional taxes
Corporation Growth		$
Corporation Income		$

rev: 02_03_2016_QC_CS-25194

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