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Over a period of years the earnings of Contemporary Fashions have fluctuated as follows. The firm's tax rate is 25 percent. What are the taxes

Over a period of years the earnings of Contemporary Fashions have fluctuated as follows. The firm's tax rate is 25 percent. What are the taxes paid, taxes refunded, and loss carry-forward for each year? Year Earnings 1 $1000 2 (2000) 3 1500 4 3000 5 (2000) Taxes Refunds Loss Carried Forward Over a period of years the earnings of Contemporary Fashions have fluctuated as follows. The firm's tax rate is 25 percent. What are the taxes paid, taxes refunded, and loss carry-forward for each year? Year Earnings 1 $1000 2 (2000) 3 1500 4 3000 5 (2000) Taxes Refunds Loss Carried Forward

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