M table2.3 jpg (Refer to Table 2.3) Corporation Growth has $83,000 in taxable income, and Corporation Income has $8,300,000 in taxable income. (Enter your answer as directed, but do not round intermediate calculations.) Olectures.mhhe.com/connect/007 Required (a) What is the tax bill for each firm? TABLE 2.3 Taxable Income Tax Rate 0- 50,000 50,00175,000 75,001100,000 100,001335,000 335,001-10,000,000 10,000,001- 15,000,000 15,000,001 18,333,333 15% 25 34 39 34 35 38 35 Tax bill Corporate tax rates Corporation Growth Corporation Income 16470 (b) Suppose both firrms have identfied a new project that will increase taxable income by $10,000. How much in additional taxes will each firm pay? 18,333,334+ Corporation Growth Corporation Income Hints References eBook & Resources Hint #1