In 2018,Salinger Software's EBIT Was -$225,000,000

question 108

Multiple Choice

.In 2018,Salinger Software's EBIT was -$225,000,000.In 2019,its EBIT is $300,000,000. The company has no debt,so operating income equals earnings before taxes.Its corporate tax rate is 25%.Assume that the company takes full advantage of the carry-forward provision in the Tax Code..How much tax did the company pay in 2019?

• A) $84,262,500
• B) $60,637,500
• C) $85,837,500
• D) $18,750,000
• E) $20,050,000

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Definitions:

Genetic Difference

Variations in the DNA sequence among individuals or populations, which can result in different traits or susceptibilities to diseases.

Genetically Closed

Describes populations or species with little to no genetic exchange with others, leading to high genetic similarity within the group.

Arbitrary Category

A classification based on random choice or personal whim, rather than any reason or system.