FINC 4410 Fall 2021 APPLIED MANAGERIAL FINANCE ASSIGNMENT #1 CURRENCIES & TAXES 3. Use Table 2A.1 Tax Rates and assume 2 year carryback and 20 year carryforward is the tax law. Compute the Tax Liability for Nelson Industries for each year. Year Tax Liability 2019 2020 2021 2022 2023 2025 Taxable income $37,000 52,000 (84,000) (22,000) 50,000 335,000 Due by 5:00 pm Thursday September 2. Hand in a face to face class, scan it in, or put answers on Excel or Word document. Please do not send a photo of your work. Send as an attachment in either Blackboard (preferred) or email. = 2 FINC 4410 Fall 2021 APPLIED MANAGERIAL FINANCE ASSIGNMENT #1 CURRENCIES & TAXES 3. Use Table 2A.1 Tax Rates and assume 2 year carryback and 20 year carryforward is the tax law. Compute the Tax Liability for Nelson Industries for each year. Year Tax Liability 2019 2020 2021 2022 2023 2025 Taxable income $37,000 52,000 (84,000) (22,000) 50,000 335,000 Due by 5:00 pm Thursday September 2. Hand in a face to face class, scan it in, or put answers on Excel or Word document. Please do not send a photo of your work. Send as an attachment in either Blackboard (preferred) or email. = 2