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Question 1 1 pts Corporation A has $87,827 in taxable income, and Corporation B has $3.9 million in taxable income. Using the tax rates
Question 1 1 pts Corporation A has $87,827 in taxable income, and Corporation B has $3.9 million in taxable income. Using the tax rates from Table 2.3, what is the difference between the tax bills of these two firms? (Do not round intermediate calculations and round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.) Taxable Income Tax Rate 50,000 15% 50,001 75,000 25 75,001- 100,000 34 100,001 335,000 39 335,001-10,000,000 34 10,000,001-15,000,000 35 15,000,001-18,333,333 38 18,333,334+ 35 TABLE 2.3 Corporate Tax Rates
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