Able Co. has $218,000 in taxable income and Bravo Co. has $5,600,000 in taxable income. Suppose both firms have identified a new project that will increase taxable income by $12,000. The additional project will increase Able Co.'s taxes by _____ and Bravo Co.'s taxes by _____.
A) $1,800; $1,800
B) $4,080; $4,080
C) $4,080; $4,680
D) $4,680; $4,079
E) $4,680; $4,680
Correct Answer:
Verified
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