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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
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