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Over the last five years, corporation A has been consistently pr Year 5 Earnings $1,300 $3,300 $4,500 $5,300 $4,300 a. If the corporate tax rate
Over the last five years, corporation A has been consistently pr Year 5 Earnings $1,300 $3,300 $4,500 $5,300 $4,300 a. If the corporate tax rate was 25 percent, what were the firm's income taxes for each year? Round your answers to the nearest dollar Year Taxes $ 5 b. Unfortunately, in year 6 the firm experienced a major decline in sales, which resulted in a loss of $11,900. What impact will the loss have on t firm's taxes for each year if the permitted carry-back is two years? If the answer is zero, enter "o, Round your answers to the nearest dollar Year New Taxes Total tax refund
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