The kenneth parks companys taxable income and tax

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The Kenneth Parks Company's taxable income and tax payments/liability for the years 2003 through 2008 are given below.

Year

Taxable Income ($)

Tax Payments ($)

2003

100,000

22,250

2004

50,000

7,500

2005

(150,000)

0

2006

100,000

22,250

2007

50,000

7,500

2008

50,000

7,500

Compute the Company's tax refund in 2005.

Reference no: EM13574420

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