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ABC Company was founded in 20X1 and had the following taxable income through 20X6: Year Taxable income 20X1 $390,000 20X2 $180,000 20x3 $80,000 20X4 -$580,000

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ABC Company was founded in 20X1 and had the following taxable income through 20X6: Year Taxable income 20X1 $390,000 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? $136,500.00 $132,600.00 None of them $148,200.00 $135,350.00 ABC Company was founded in 20X1 and had the following taxable income through 20X6: Year Taxable income 20X1 $390,000 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? $136,500.00 $132,600.00 None of them $148,200.00 $135,350.00

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