Solution-Compute the corporate income tax or tax refund in

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

20X1	20X2	20X3	20X4	20X5	20X6
$2.5M	$8.5M	$7.8M	-$17.6M	$12.3M	$16.4M

Compute the corporate income tax or tax refund in each year, assuming the graduated tax rates listed below.

At least	But less than	Tax Rate (%)	Tax Calculation
0.00	50...

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