In 2011bodily corporation reported 390000 pretax accounting, Ask an Expert

Accounting

In 2011,Bodily Corporation reported $390,000 pretax accounting income.The income tax rate that year was 28%.Bodily had an unused $111,000 net operating loss carryforward from 2009 when the tax payable rate was 31%. Bodily income tax payable for 2011 would be:

- $54,000

- $42,000

- $90,000

- $72,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M957454

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