Estimated Pre Tax Book/Taxable Income for 2018 (before unusual/infrequent items) $8,000 Effective Tax Rate 21%

Q2- Loss on foreign manufacturing plant due to tornado. The loss is in a jurisdiction where the loss cannot be utilized (subject to a VA) $(4,800) Q3- Gain on Investment subject to a put option $5,400. This gain will allow the utilization of a capital loss carryforward subject to a valuation allowance.

Adjusted Income by Quarter:

Q1 $2,100 Q2 $(3,600) Q3 $5,800 Q4 $4,300

Calculate the YTD tax expense and ETR, by Quarter if both items are treated as discreet and again if both items are treated as ordinary.