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ProfitsRus has the following expected operating income over the next three years: The firm's marginal tax rate is 25% and its net operating losses carried

ProfitsRus has the following expected operating income over the next three years:

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The firm's marginal tax rate is 25% and its net operating losses carried forward stand at 1800.

Estimate the taxes ProfitsRus will have to pay in year 3.

Answer choices:

a.250

b.0

c.375

d.300

Year 1 Year 2 EBIT 500 ? 1000 ? Year 3 1500 ? Taxes

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