XYZ COMPANY HAD TAXABLE IN COME FOR THE FOLLOWING YEARS 2001 10,000 2002 15,000 2003 5,000 2004
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Question:
XYZ COMPANY HAD TAXABLE IN COME FOR THE FOLLOWING YEARS
2001 10,000
2002 15,000
2003 5,000
2004 5,000
2005 (50,000)
2006 5,000
2007 30,000
2008 50,000
USING THE CARRY FORWARD, CARRY BACK TAX METHOD, CALCULATE THE COMPANY'S TAX LIABILITY FOR EACH YEAR
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