1. The below table represents a simplified profit and loss statement for a corporate client (in thousands of dollars). In 2018, the Tax Cuts and Jobs Act changed the corporate tax from 35 percent to 21 percent. How much did our client save in taxes in 2018 and 2019 at the lower tax rate? What was the change in operating margin between 2017 and 2019?

	2017	2018	2019
Income	1,025	2,044	2,500
Costs	850	1,464	1,942
Net Income (EBIT)	175	580	558
Income Tax
Operating Margin