1. Tesco began operations in 2014. Tesco has reported the following levels of taxable income (EBT) over the past several years. The corporate tax rate was 36% each year, Assume that the company has taken full advantage of the Tax Code's carry back, carry forward provisions, and assume that the current provisions were applicable in 2014. What is the amount of taxes the company paid in 2017? Year Taxable income 2014 -$4,200,000 2015 $200,000 2016 $700,000 2017 54.800,000