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Mays Industries was established in zo13. Since its inception, the company has generated the following levels of taxable income (EBT): Year 2013 2014 2015 2016
Mays Industries was established in zo13. Since its inception, the company has generated the following levels of taxable income (EBT): Year 2013 2014 2015 2016 2017 2018 50,000 $40,000 30,000 $20,000 $52,500 $60,000 Assume hat each vnar he company has acod a 40% income tax rate. A so assume at the company has taken ull advantage a the T ax C ode's carry-back carry.torward pronsions and assume hat he current provisions were applicable in 2013 V he company s ax at i liability for 2018? a, $27,830 b.$17,250 $19,780 d. $23,000 Oe. $25,9%o Mays Industries was established in zo13. Since its inception, the company has generated the following levels of taxable income (EBT): Year 2013 2014 2015 2016 2017 2018 50,000 $40,000 30,000 $20,000 $52,500 $60,000 Assume hat each vnar he company has acod a 40% income tax rate. A so assume at the company has taken ull advantage a the T ax C ode's carry-back carry.torward pronsions and assume hat he current provisions were applicable in 2013 V he company s ax at i liability for 2018? a, $27,830 b.$17,250 $19,780 d. $23,000 Oe. $25,9%o
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