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Corporation A has $87,648 in taxable income, and Corporation B has $5.5 million in taxable...

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Accounting

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Corporation A has $87,648 in taxable income, and Corporation B has $5.5 million in taxable income Suppose both firms have identified a new project that will increase taxable income by $13,740. How much more will Corporation B pay in additional taxes than will Corporation A? Use the tax rates in Table 2.3. (Do not round intermediate calculations and round your final answer to the nearest dollar amount Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.) TABLE 2.3 Tax Rato Taxable Income Corporate Tax Rates 0 $ 50,000 15% 50,001- 75,000 25 75,001 100,000 34 100,001 335,000 30 335,001-10,000,000 34 10,000,001-15,000,000 35 15,000,001-18,333,333 38 18,333,334+ 35

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