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

---

Definitions:

Deep

Positioned far away from the surface of the body or from the point of reference.

Negative Feedback

A control system where a trigger leads to a contrary outcome to keep a regulated factor at its optimal state.

Body Temperature

The measure of the body's ability to generate and get rid of heat, vital for maintaining metabolic processes.