What is the amount of taxes the company paid

Assignment Help Microeconomics
Reference no: EM13799049

Garner Grocers began operations in 2005. Garner has reported the following levels of taxable income (EBT) over the past several years. The corporate tax rate was 34% each year. Assume that the company has taken full advantage of the Tax Code's carry-back, carry-forward provisions, and assume that the current provisions were applicable in 2005. What is the amount of taxes the company paid in 2008?

Year Taxable Income

2005 -$3,200,000

2006 $200,000

2007 $500,000

2008 $2,800,00

a. $92,055

b. $96,900

c. $102,000

d. $107,100

e. $112,455

Reference no: EM13799049

Questions Cloud

Determine how the organization should come to a decision : A small hospital in a well-managed healthcare system can consider three ways to obtain clinical support services: "stand alone" (hire its own healthcare professionals); "outsource" (buy services from local providers); and "affiliate" (arrange for ..
Creating a child health, safety, and nutrition blog : Explain what can happen when children do not engage in healthy fitness activities.
Define the agents of socialization : Define the agents of socialization
Prepare a simple balance sheet of assets : Prepare a simple balance sheet of assets and liabilities for the bank immediately after the deposit is received.
What is the amount of taxes the company paid : Assume that the company has taken full advantage of the Tax Code's carry-back, carry-forward provisions, and assume that the current provisions were applicable in 2005. What is the amount of taxes the company paid in 2008?
Everything that rises must converge : What is the most important lesson this course has taught you about science or technology?
Describe marble cake federalism : Describe Marble Cake Federalism
Write a summary of the article the expendables : Write a summary of the article "The Expendables".
Discuss the role of dunn as a leader to motivate : Discuss the role of Dunn as a leader to motivate, empower, create followers, and promote communication. Discuss how Dunn should address cultural diversity within the organization

Reviews

Write a Review

Microeconomics Questions & Answers

  Perfectly competitive market economy

Marginal productivity theory implies that in a perfectly competitive market economy - chooses its profit-maximizing quantity of capital by

  Solve for the equilibrium price and the equilibrium quantity

Suppose that a market is described by the following supply and demand equations: Qs = 3P, Qd =400?P Solve for the equilibrium price and the equilibrium quantity.

  Emphasized by supply-side economics

Which of the following is emphasized by supply-side economics?

  Business managers cope with business cycles

How should business managers cope with Business cycles? Give examples to elaborate how unemployment and inflation are the major problems in the business cycles.

  Explain the potential for increased revenue front-end and

you have been part of the orthopedic center for 5 years. in that time you have seen the center grow and the need for

  Explain how recycled material is reused

Explain how recycled material is reused and Describe what happens to recycled cans, bottles, and newspapers after they go to the recycling bin.

  What are the different price points

Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points. Using this information, draw a fully labeled graph of the market for movies in ..

  If the threat is not credible what changes in payoff matrix

mitchell electronics produces a home video that has become increasingly very popular with children.nbsp

  Write down the profit-maximizing prices and quantities of

suppose that the ford motor company can produce any quantity of cars at a constant marginal cost equal to 15000 and a

  Federal reserve to enact monetary policy to combat inflation

During the 1980’s President Reagan pushed for significant tax cuts as a way to promote consumer spending. This extra money that consumers found they had also began to drive up prices causing the Federal Reserve to enact monetary policy to combat infl..

  Information about heckscher-ohlin theory

Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.

  The economy beer and chicken wings

There are two goods in the economy beer and chicken wings. The government believe that beer is bad for you so it imposes a tax of 166% on beer. The price of one beer is 96 and the price of one order of chicken wings is 33. How many orders of chicken ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd