In 2016,Bodily Corporation reported $300,000 pretax accounting income.The income tax rate for that year was 30%.Bodily had an unused $120,000 net operating loss carryforward from 2014 when the tax rate was 40%.Bodily's income tax payable for 2016 would be

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The Answer of In 2016,Bodily Corporation reported $300,000 pretax accounting income.The income tax rate for that year was 30%.Bodily had an unused $120,000 net operating loss carryforward from 2014 when the tax rate was 40%.Bodily's income tax payable for 2016 would be

In 2016,Bodily Corporation Reported $300,000 Pretax Accounting Income