A company had taxable income of $2 million in fiscal 2019 and paid taxes of 0.4 million; the company incurred a loss of $0.5 million in fiscal 2021 when the tax rate is 30%. How much refund is the company entitled to?
A) $0.2 million
B) $0.1 million
C) $0.4 million
D) $0.6 million
Correct Answer:
Verified
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