Microchip Inc had the following profits and losses in the years indicated 2013............................. $5,000,000 2014............................. $ 350,000
Question:
2013............................. $5,000,000
2014............................. $ 350,000
2015.......................... ($3,450,000)
How much federal tax will it eventually pay for 2013. The corporate rate schedule is the same for all three years?
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