In 2020, Mays Industries taxable income was $64,000. In 2021, its taxable income was $150,000. Its corporate tax rate is 25\%. Assume that the company takes full advantage of the Tax Code's carry-forward provision. What is the company's tax liability for 2021? a. $21,500 b. 50 c. $53,500 d. 537,500 e, 516,000 In 2020, Mays Industries taxable income was $64,000. In 2021, its taxable income was $150,000. Its corporate tax rate is 25\%. Assume that the company takes full advantage of the Tax Code's carry-forward provision. What is the company's tax liability for 2021? a. $21,500 b. 50 c. $53,500 d. 537,500 e, 516,000