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no explanation needed just the answer Assure that Theodore Enterprises operates in an industryckseed. These following pretax income (los) over its first three years of
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Assure that Theodore Enterprises operates in an industryckseed. These following pretax income (los) over its first three years of 2019 $ 560,000 2020 (840,000) 2021 1,620,000 For each year there were no deferred income taxes and the tax rate was 25%. In its 2020 tax return, Theodore elected and operating loss carryback. No valuation account was deemed necessary for the deferred taxat of December 21, 2020. What was Theodore's income tax expense for 2021? O A 405,000 O B 414,000 252,000 D 234,000 Step by Step Solution
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