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Refer to the table below corporation growth has 79500 in

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Refer to the table below. Corporation Growth has $79,500 in taxable income, and Corporation Income has $6,190,000 in taxable income.TAXABLE INCOME TAX RATE $0-50,000 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 what is the The tax bill for Corporation Growth is?Suppose both firms have identified a new project that will increase taxable income by $12,000. Corporation Growth will pay?how much in additional taxes and Corporation Income will pay for in additional taxes.?

Reference no: EM13566770

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