Business
Business, 05.11.2019 01:31, auriwhite05

In 2018, bodily corporation reported $300,000 pretax accounting income. the income tax rate for that year was 30%. bodily had an unused $120,000 net operating loss carryforward from 2014 when the tax rate was 40%. bodily's income tax payable for 2016 would be:

a. $90,000
b. $72,000
c. $54,000
d. $42,000

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 09:00, 0318929
How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?
Answers: 2
image
Business, 22.06.2019 15:20, ashleyuchiha123
Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)
Answers: 2
image
Business, 23.06.2019 01:30, zacharysharpe2805
How is systematic decision making related to being financially responsible
Answers: 1
image
Business, 23.06.2019 07:50, chevysilverado2377
Acountry has reached a level of economic development where the manufacturing of both semidurable and nondurable consumer goods has just begun. also, the goods demanded relate to equipment and supplies to support manufacturing. in which stage of rostow’s five-stage model of economic growth does the country fit?
Answers: 1
Do you know the correct answer?
In 2018, bodily corporation reported $300,000 pretax accounting income. the income tax rate for that...

Questions in other subjects: