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Am I on the right track with this? 2. The Beat'em Up Corporation has the following taxable income for the following years. Year 1 Year

Am I on the right track with this?
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2. The Beat'em Up Corporation has the following taxable income for the following years. Year 1 Year 2 ($4,500,000) $6,000,000 ($10,000,000) $4,000,000 $5,500,000 $3,000,000 $8,000,000 $5,000,000 ($22,000,000) Year 3 Year 4 Year 5 Year 6 Year 7 Year 9 Year 10 Gar & Calculato the company's tax liabilities for each of the years and show how the company can take advantage of its losses. Assume a flat tax rate of 40 percent. Uye.I 4,s00,000 TL Retund TI AdjTr UR 500,p7 ) a) oo, DOD I, 600000 00,000 3BX10, Did,poDso0, o H 4,000, 000 5)6,500000 , doo,000 0000 b 3,000,000 3000,000 120 lo00,000 10

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