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What was theodores income tax expense

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Reference no: EM13848875

Theodore Enterprises had the following pretax income (loss) over its first three years of operations: 2000 $.500000 2010 (900.000) 2011 1.500.000 For each year there were no deferred income taxes and the tax rate was 30%. In its 2010 tax return, Theodore elected a loss carryback. No valuation account was deemed necessary for the deferred tax asset as of December 31, 2010. What was Theodore's income tax expense for 2011?

Reference no: EM13848875

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