In 2011bodily corporation reported 300000 pretax accounting, Ask an Expert

Accounting

In 2011,Bodily Corporation reported $300,000 pretax accounting income.The income tax rate that year was 30%.Bodily had an unused $120,000 net operating loss carry forward from 2009 when the tax payable rate was 40%. Bodily income tax payable for 2011 would be:

a) $54,000

b $42,000

c) $90,000

d) $72,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9432210

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