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  1. business
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  3. corporation growth has $87,000 in taxable income,

Corporation Growth has $87,000 in taxable income, and Corporation Income has $8, 700,000 in taxable...

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Accounting

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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 a. What is the tax bill for each firm? (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, e.g., 1, 734, 567.) b. Suppose both firms have identified a new project that will increase taxable income by $12,000. How much in additional taxes will each firm pay? (Do not round intermediate calculations.)

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