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In Year 1, Reese Corporation (a C-Corporation) reported a loss for tax purposes of $50,000. How much tax will Reese Corporation pay in year 2

In Year 1, Reese Corporation (a C-Corporation) reported a loss for tax purposes of $50,000. How much tax will Reese Corporation pay in year 2 if it reports taxable income from operations of $30,000 under the following assumptions?

a.Year 1 is 2017

b.Year 1 is 2018

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