Refer to the Tax Rate Table below (or Table 2.3 in the book). Corporation Growth has $92000 in taxable income. Suppose Corporation Growth has identified a new project that will increase taxable income by $179,354. How much in additional taxes will Corporation Growth pay? TABLE 2.3 Corporate tax rates Taxable Income 0- 50,001- 75,001- 100,001- 335,001- 10,000,000 10,000,001- 15,000,000 15,000,001- 18,333,333 18,333,334+ 50,000 75,000 100,000 335,000 Tax Rate 15% 25 34 39 34 35 38 35

Refer to the Tax Rate Table below (or Table 2.3 in the book). Corporation Growth has $92000 in taxable income. Suppose Corporation Growth has identified a new project that will increase taxable income by $179,354. How much in additional taxes will Corporation Growth pay? Corporate tax rates