Question: Refer to the Tax Rate Table below (or Table 2.3 on slide 6 of Module 2:FSA). Corporation Growth has $92000 in taxable income. Suppose

Refer to the Tax Rate Table below (or Table 2.3 on slide 6 of Module 2:FSA). Corporation Growth has $92000 in taxable income. Suppose Corporation Growth has identified a new project that will increase taxable income by $138,224. How much in additional taxes will Corporation Growth pay? Taxable Income Tax Rate TABLE 2.3 $ 0- 50,000 15% Corporate tax rates 50,001 75,000 75,001- 100,000 100,001 335,000 335,001-10,000,000 10,000,001 15,000,000 15,000,001 18,333,333 18,333,334+ 23233335 34 39 34 38

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