Palmer inc has a net operating loss carryforward of 100000, Ask an Expert

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Palmer, Inc. has a net operating loss carryforward of $100,000. If Palmer continues its business with no changes, it will have $50,000 of taxable income (before the NOL) in both 2014 and 2015. If Palmer decides to invest in a new product line instead, it expects to have taxable income of $70,000 in 2013 and 2014. What marginal tax rate does the new product line face in 2014 and in 2015?

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Category:- Accounting Basics
Reference No.:- M9962966

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