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Corporation reported income before taxes of $200,000 for the years 2016, 2017, and 2018. In 2019 they experienced a loss of $200,000. The company had
Corporation reported income before taxes of $200,000 for the years 2016, 2017, and 2018. In 2019 they experienced a loss of $200,000. The company had a tax rate of 35% in 2016 and 2017, and a rate of 45% in 2018 and 2019. Assuming Caesar uses the carryback provisions for the net operating loss, by what amount will the income tax benefit reduce the net loss in 2019?
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