What is the after state taxes profit in the state

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Reference no: EM131260215

Hyundai is considering opening a plant in two neighboring states.

option 1: one state has a corporate tax rate of 10 percent. if operating in this state, the plant is expected to generate $1000 pretax profit.

option 2: the other state has a corporate tax rate of 2 percent. if operating in the state, the plant is expected to generate $930,000 of pretax profit.

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

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

Reference no: EM131260215

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