Bradshaw Beverages Began Operations in 2010

question 117

Multiple Choice

Bradshaw Beverages began operations in 2010.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 2010.How much did the company pay in taxes during 2014?

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

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Definitions:

Membrane-bound Receptor Model

A theory describing how specific proteins located on the cell membrane bind to external molecules, triggering a response inside the cell.

Neuropeptide

A type of molecule used by neurons to communicate with each other, involving in various brain functions such as analgesia, reward, food intake, metabolism, reproduction, social behaviors, learning, and memory.

Neurons

Nerve cells that transmit electrical signals throughout the body, integral to the functioning of the nervous system.

Presynaptic Terminal

Enlarged axon terminal or terminal bouton.