Marginal versus Average Tax Rates (Refer to Table 2.3.) Corporation Growth has $78,000 in taxable income, and Corporation Income has $7,800,000 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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