.In 2018,Salinger Software's EBIT was -$225,000,000.In 2019,its EBIT is $300,000,000. The company has no debt,so operating income equals earnings before taxes.Its corporate tax rate is 25%.Assume that the company takes full advantage of the carry-forward provision in the Tax Code..How much tax did the company pay in 2019?
A) $84,262,500
B) $60,637,500
C) $85,837,500
D) $18,750,000
E) $20,050,000
Correct Answer:
Verified
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