VB Corporation Incurred a Tax Loss of $86,000

question 2

Multiple Choice

VB Corporation incurred a tax loss of $86,000.Based on a tax rate of 45% what is the potential tax benefit?

• A) $86,000
• B) $38,700
• C) $0
• D) cannot be determined

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Definitions:

Proposal

A formal offer or plan put forward for consideration or discussion by others.

Work Plan

A detailed proposal of how to accomplish a project or task, including the stages, tasks, resources, timelines, and responsibilities involved.

Customers List

A compilation of information about customers who have engaged with a business, often used for marketing or customer service purposes.

Products and Services List

An organized inventory of the items and services offered by a business, often included in financial, sales, and operational documents.