What is the tax bill for each firm-corporation income

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Reference no: EM131059628

Corporation Growth has $87,000 in taxable income, and Corporation Income has $8,700,000 in taxable income. Use the tax rates from Table 2.3. (Do not round intermediate calculations.) a. What is the tax bill for each firm? Firms Taxes Corporation Growth $ Corporation Income $ b. Suppose both firms have identified a new project that will increase taxable income by $11,000. How much in additional taxes will each firm pay? Firms Additional taxes Corporation Growth $ Corporation Income $

Reference no: EM131059628

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