BigDough4498 BigDough4498

15-11-2022
Business

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in 2020, appalachian airlines had taxable income of -$3,000,000. in 2021, the company has taxable income of $5,000,000 and its corporate tax rate is 25%. assume that the company takes full advantage of the tax code's carry-forward provision. how much will the company pay in taxes in 2021?

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