Appalachian Airlines began operating in 2007. The company lost money the first year but has been profitable ever since. The company's taxable income (EBT)Assume that the company has taken full advantage of the Tax Code's carry-back, carry-forward provisions and that the current provisions were applicable in 2007. How much did the company pay in taxes in 2010?
A) $ 688,500
B) $ 765,000
C) $ 800,000
D) $ 930,000
E) $1,023,000

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The Answer of Appalachian Airlines began operating in 2007. The company lost money the first year but has been profitable ever since. The company's taxable income (EBT)Assume that the company has taken full advantage of the Tax Code's carry-back, carry-forward provisions and that the current provisions were applicable in 2007. How much did the company pay in taxes in 2010?
A) $ 688,500
B) $ 765,000
C) $ 800,000
D) $ 930,000
E) $1,023,000

Appalachian Airlines Began Operating in 2007