Salinger Software was founded in 2009. The company lost money each of its first three years, but was able to turn a profit in 2012. Salinger's operating income (EBIT)The company has no debt, so operating income equals earnings before taxes. The corporate tax rate has remained constant at 35%. Assume that the company took full advantage of the carry-back, carry-forward provisions in the Tax Code, and assume that the current provisions were applicable in 2009. How much tax did the company pay in 2012?
A) $114,030,875
B) $120,032,500
C) $126,350,000
D) $133,000,000
E) $140,000,000

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The Answer of Salinger Software was founded in 2009. The company lost money each of its first three years, but was able to turn a profit in 2012. Salinger's operating income (EBIT)The company has no debt, so operating income equals earnings before taxes. The corporate tax rate has remained constant at 35%. Assume that the company took full advantage of the carry-back, carry-forward provisions in the Tax Code, and assume that the current provisions were applicable in 2009. How much tax did the company pay in 2012?
A) $114,030,875
B) $120,032,500
C) $126,350,000
D) $133,000,000
E) $140,000,000

Salinger Software Was Founded in 2009