Garner Grocers began operations in 2015.Garner has reported the following levels of taxable income (EBT) over the past several years.The corporate tax rate was 34% each year.Assume that the company has taken full advantage of the Tax Code's carry-back,carry-forward provisions,and assume that the current provisions were applicable in 2015.What is the amount of taxes the company paid in 2018?
?
A) $559,300
B) $493,850
C) $654,500
D) $595,000
E) $725,900
Correct Answer:
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