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Business, 28.05.2021 22:30 ctyrector

Little Guy Construction Company made $50,000 in taxable income one year. Big Buildings Construction Company made $20,000,000 in taxable income that year. How much would each company owe in corporate taxes if the tax rate were 15 percent on the first $100,000 of income and 35 percent on incomes over $100,000.

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