Absynthe3198 Absynthe3198

15-11-2022
Business

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in 2020, garner grocers had taxable income of -$2,000,000. the corporate tax rate is 25%. assume that the company takes full advantage of the tax code's carry-forward provision. in 2021, garner has taxable income of $1,000,000. what is the amount of taxes the company paid in 2021?

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