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How much is the corporate income tax for ABC Company

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Reference no: EM133121210

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

Year Taxable Income

20X1 $390,000

20X2 $180,000

20X3 $80,000

20X4 -$580,000

20X5 $440,000

20X6 $620,000

Apply the tax law before the reform in 2017.

Required -

How much is the corporate income tax for ABC Company for year 20X1?

How much is the original corporate income tax for ABC Company for year 20X4?

How much is the corporate income tax for ABC Company for year 20X5 after applying "carry"?

How much is the corporate income tax for ABC Company for year 20X6 after applying carry?

Reference no: EM133121210

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