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ABC Company was founded in 2 0 X 1 and had the following taxable income through 2 0 X 6 : Year Taxable Income 2

ABC Company was founded in 20X1 and had the following taxable income through 20X6:
Year
Taxable Income
20X1
$290,000
20X2
$180,000
20X3
$80,000
20X4
-$580,000
20X5
$440,000
20X6
$620,000
Apply the tax law before the reform in 2017.
(Questions 53-56)
How much is the corporate income tax for ABC Company for year 20X1?
Group of answer choices
$96,350.00
$98,600.00
$86,850.00
None of them
$113,10

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