2

4T Question 2 (of 7) 14.28 points Problem 2-18 Marginal versus Average Tax Rates [LO3] Corporation Growth has $82 000 in taxable income, and Corporation Income has $8,200,000 in taxable income. Use the tax rates from Table 23 a. What dollars, not millions of dollars, e.g, 1,234,567.) is the tax bill for each firm? (Do not round intermediate calculations. Enter your answers in Bill Corporation Growth Corporation Income have identifed a new project that will increase taxable income by $16,000. How much in additional taxes wil each firm pay? (Do not round intermediate oa Corporation Growth Corporation Income nces eBook & Resources Hint#1 Check my work