Splish Inc. reported the following pretax income (loss) and related tax rates during the years 2013-2019.

Year Pretax Income (Loss) Tax Rate

2013 $ 36,500 30%

2014 $ 22,800 30%

2015 $ 50,000 30%

2016 $ 80,900 40%

2017 $(167,600) 45%

2018 $ 67,500 40%

2019 $ 101,300 35%

Pretax financial income (loss) and taxable income (loss) were the same for all years since Splish began business. The tax rates from 2016-2019 were enacted in 2016.