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Over a period of years the earnings of Contemporary Fashions have fluctuated as follows. The firms tax rate is 25 percent. What are the taxes
Over a period of years the earnings of Contemporary Fashions have fluctuated as follows. The firms tax rate is 25 percent. What are the taxes paid, taxes refunded, and loss carry-forward for each year? (10 points)
Year 1 2 3 4 5
Earnings $1000 (2000) 1500 3000 (2000)
Taxes ______ ______ ______ ______ ______
Refunds ______ ______ ______ ______ ______
Loss ______ ______ ______ ______ ______
Carried Forward
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