Business, 22.04.2020 03:42 tommyaberman

Hyundai is considering opening a plant in two neighboring states.

Option 1:
One state has a corporate tax rate of 10 percent. If operated in this state, the plant is expected to generate $1,015,000 pretax profit.

Option 2:
The other state has a corporate tax rate of 2 percent. If operated in this state, the plant is expected to generate $960,000 of pretax profit.

a. What is the after state taxes profit in the state with the 10% tax rate?
Afeter state tax profit ?

b.
What is the after state taxes profit in the state with the 2% tax rate?

After state taxes profit ?

Answers: 1

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Hyundai is considering opening a plant in two neighboring states.

Option 1:
One s...

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