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New project that will increase taxable income

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Corporation Growth has $76,500 in taxable income, and Corporation Income has $7,650,000 in taxable income.

What is the tax bill for each firm?

Suppose both firms have identified a new project that will increase taxable income by $10,000. How much in additional taxes will each firm pay? Why is this amount the same?

Reference no: EM132503985

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