Question: Corporation Growth has $79,500 in taxable income, and Corporation Income has $7,950,000 in taxable income. a. What is the tax bill for each firm? b.

Corporation Growth has $79,500 in taxable income, and Corporation Income has $7,950,000 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?

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