whoops. I guess I did not put the whole question. My apologies!

The company has no debt, and therefore, pays no interest expense. Its corporate tax rate has remained at 34% during this 5-year period. What was Uniontowns tax liability for 2015? (Assume that the company has taken full advantage of the carry-back and carry-forward provisions, and assume that the current provisions were applicable in 2011.)

a. $1,150,560 b. $1,468,800 c. $1,175,040 d. $1,224,000 e. $1,040,400

10. Lift Me Inc began operating in 2011. The company lost money its first three years of operations, but has had an operating profit during the past two years. The company's operating income (EBIT) for its first five years was as follows below EBIT $1,600,000 $2,000,000 $1,000,000 $1,200,000 $7,000,000 Year 2011 2012 2013 2014 2015