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Problem 19-5 Nash Inc. reported the following pretax income (loss) and related tax rates during the years 2013-2019. Pretax Income (loss) Tax Rate 2013 $43,600
Problem 19-5 Nash Inc. reported the following pretax income (loss) and related tax rates during the years 2013-2019. Pretax Income (loss) Tax Rate 2013 $43,600 30 27,000 2014 30 48,200 30 2015 40 2016 72,900 2017 45% (181,100) 40% 2018 68,300 2019 35 96,100 Pretax financial income (loss) and taxable income (loss) were the same for all years since Nash began business. The tax rates from 2016-2019 were enacted in 2016
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