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In 2021, Ajax Ca reported $300,000 pretax accounting income. The income tax rate for that year was 25%. Ajax had an unused $120,000 net operating
In 2021, Ajax Ca reported $300,000 pretax accounting income. The income tax rate for that year was 25%. Ajax had an unused $120,000 net operating loss carryforward from 2019 when the tax rate was 30%. Bodily's income tax payable for 2021 would be: $54,000. $45,000. $90,000. $72,000
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