Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe

تمرين 17

A company has lost money in the past and has a $1.4 million NOL but expects to begin earning money again next year. Assuming future taxable income of $500,000 per year for the next three years, a statutory tax rate of 34 percent, and an after-tax discount rate of 6 percent, what is the company's marginal tax rate during the NOL year if an election is made to carry forward the NOL