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Corporation Growth has 76 500 in taxable income and Corporation Income Corporation Growth has $76500 in taxable income and Corporation Income has $7650000 in taxable income a What is the tax

Corporation Growth has 76 500 in taxable income and Corporation Income


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

a. What is the tax bill for each firm?

b. 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?

Corporation Growth has 76 500 in taxable income and Corporation Income

 

Apr 30 2020 View more View Less

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