1. In its first year of existence Aspen Corp. (a C corporation) reported income for tax purposes of $150,000. In year 2, it reports a $90,000 loss. For year 3, it reports taxable from operations of $30,000. Assuming year 1 is 2018, how much tax will Aspen Corp. pay for year 3?

2. In its first year of existence Aspen Corp. (a C corporation) reported income for tax purposes of $50,000. In year 2, it reports a $90,000 loss. For year 3, it reports taxable income from operations of $30,000. Assuming year 1 is 2015, how much tax will Aspen Corp. pay for year 3?