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What is the after state taxes profit in the state

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Reference no: EM132595107

Question - 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 $1,175,000 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 $1,120,000 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: EM132595107

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