Question: LO3 18. Marginal versus Average Tax Rates. (Refer to Table 2.3.) Corporatio Growth has $76,500 in taxable income, and Corporation Income has $7,650,000 in

LO3 18. Marginal versus Average Tax Rates. (Refer to Table 2.3.) Corporatio Growth has $76,500 in taxable income, and Corporation Income has $7,650,000 in

LO3 18. Marginal versus Average Tax Rates. (Refer to Table 2.3.) Corporatio 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?

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