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In 2011, Burgerking Industries had a loss of $37,700. Assume that Burgerking takes full advantage of the Tax Codes carry-forward provision. In 2012, Burgerking has
In 2011, Burgerking Industries had a loss of $37,700. Assume that Burgerking takes full advantage of the Tax Codes carry-forward provision. In 2012, Burgerking has taxable income of $67,750. What amount of taxes will the company pay in 2012? Round to the nearest dollar.
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