Night Owl Inc. reports a taxable and pre-tax accounting loss of $ 150,000 for 2020. The corporation's taxable and pre-tax accounting income and tax rates for the last two years were: $$\begin{array} { r r r }
2018 & \$ 200,000 & 20 \% \
2019 & 200,000 & 25 \%
\end{array}$$ The 2020 tax rate is 30%. If Indiana elects to use the carryback provisions, the amount that should be reported as income tax receivable for 2020 is

Question

Night Owl Inc. reports a taxable and pre-tax accounting loss of $ 150,000 for 2020. The corporation's taxable and pre-tax accounting income and tax rates for the last two years were: $$\begin{array} { r r r } 
2018 & \$ 200,000 & 20 \% \
2019 & 200,000 & 25 \%
\end{array}$$ The 2020 tax rate is 30%. If Indiana elects to use the carryback provisions, the amount that should be reported as income tax receivable for 2020 is

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The Answer of Night Owl Inc. reports a taxable and pre-tax accounting loss of $ 150,000 for 2020. The corporation's taxable and pre-tax accounting income and tax rates for the last two years were: $$\begin{array} { r r r } 
2018 & \$ 200,000 & 20 \% \
2019 & 200,000 & 25 \%
\end{array}$$ The 2020 tax rate is 30%. If Indiana elects to use the carryback provisions, the amount that should be reported as income tax receivable for 2020 is

Night Owl Inc 2018$200,00020%2019200,00025%\begin{array} { r r r } 2018 & \$ 200,000 & 20 \% \\2019 & 200,000 & 25 \%\end{array}20182019​$200,000200,000​20%25%​

Night Owl Inc $\begin{array} { r r r } 2018 & \$ 200,000 & 20 \% \\2019 & 200,000 & 25 \%\end{array}$