In 2021, Alberta-based Corporation Growth has $80,000 in taxable income, and Alberta-based Corporation Income has $8,900,000 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 $11,000. 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