Question 2 (Part A-D)

ABC Company was founded in 20X1 and had the following taxable income through 20X6:

Year	Taxable Income
20X1	$300,000
20X2	$250,000
20X3	$380,000
20X4	-$720,000
20X5	$360,000
20X6	$650,000

Apply the tax law before the reform in 2017.

A) How much is the corporate income tax for ABC Company for year 20X1?

Group of answer choices

$102,000.00

$100,250.00

$117,000.00

$114,000.00

B) How much is the original corporate income tax for ABC Company for year 20X4?

Group of answer choices

$244,800.00

Refund of $244,800.00

Refund of $129,200.00

Refund of $209,950.00

$0.00

C) How much is the corporate income tax for ABC Company for year 20X5 after applying carry?

Group of answer choices

$149,600.00

$122,400.00

$0.00

$88,550.00

D) How much is the corporate income tax for ABC Company for year 20X6 after applying carry?

Group of answer choices

$0.00

$127,500.00

$236,750.00

$221,000.00