Bradshaw Beverages began operations in 2011.The table below contains the company's taxable income during each year of its operations.Notice that the company lost money in each of its first three years.The corporate tax rate has been 40% 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 2011.How much did the company pay in taxes during 2015?

Question

Bradshaw Beverages began operations in 2011.The table below contains the company's taxable income during each year of its operations.Notice that the company lost money in each of its first three years.The corporate tax rate has been 40% 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 2011.How much did the company pay in taxes during 2015?

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The Answer of Bradshaw Beverages began operations in 2011.The table below contains the company's taxable income during each year of its operations.Notice that the company lost money in each of its first three years.The corporate tax rate has been 40% 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 2011.How much did the company pay in taxes during 2015?

Bradshaw Beverages Began Operations in 2011