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The Jones Company had the following operating results: Year Income (Loss) Tax Rate Income Tax 2017 30,000 35% 10,500(first year of operations) 2018 45,000 30%

The Jones Company had the following operating results: Year Income (Loss) Tax Rate Income Tax 2017 30,000 35% 10,500(first year of operations) 2018 45,000 30% 13,500 2019 (60,000) 30% 0 What's the income tax refund receivable? Question 15 options: A) $18,750 B) $24,000 C) $18,000 D) $19,500

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