Bradshaw Beverages Began Operations in 2008

question 72

Multiple Choice

Bradshaw Beverages began operations in 2008. 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 2008. How much did the company pay in taxes during 2012?

• A) $160,000
• B) $168,000
• C) $176,400
• D) $185,220
• E) $194,481

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Definitions:

Disordered Thinking

A disruption in the ability to organize thoughts coherently, often seen in conditions like schizophrenia, resulting in impaired communication and understanding.

Bizarre Behavior

Actions that are very strange or unusual, often indicating an underlying mental health issue.

Schizophrenia

A mental disorder characterized by disturbances in thought, perception, and behavior, often involving delusions and auditory hallucinations.

Delusions

A belief or impression that is firmly maintained despite being contradicted by what is generally accepted as reality, often a symptom of mental disorders.