In 2019, Alberta-based Corporation Growth has $95,000 in taxable income, and Alberta-based Corporation Income has $10,400,000 in taxable income. Use the tax rates from Table 2.7. a. What is the tax bill for each? (Omit $ sign in your response.)

Firms Tax Bill Alberta-based Corporation Growth $

Alberta-based Corporation Income $

b. Suppose both firms have identified a new project that will increase taxable income by $26,000. How much additional taxes will each firm pay? (Omit $ sign in your response.)

Firms Additional Taxes Alberta-based Corporation Growth $ Alberta-based Corporation Income $

c. Is this amount the same? multiple choice

Yes No

In 2019, Alberta-based Corporation Growth has $95,000 in taxable income, and Alberta-based Corporation Income has $10,400,000 in taxable income. Use the tax rates from Table 2.7. a. What is the tax bill for each? (Omit $ sign in your response.) Firms Tax Bill $ 25650 Alberta-based Corporation Growth Alberta-based Corporation Income $ b. Suppose both firms have identified a new project that will increase taxable income by $26,000. How much additional taxes will each firm pay? (Omit $ sign in your response.) Firms Additional Taxes. $ Alberta-based Corporation Growth Alberta-based Corporation Income $ c. Is this amount the same? O Yes O No