Question: 2 0 . During Year 1 , the tax return of Asimov Company showed a net operating loss of $ 8 0 0 . The

20. During Year 1, the tax return of Asimov Company showed a net operating loss of $800. The enacted tax rate for Year 1 and all future years is 30%, and Asimov is not in an industry that is eligible for the carry-back option. During Year 2, Asimov's taxable income before considering any benefit of carryforward amounts was $150. Asimov has no other book-tax differences. What will be the amount of Asimov's Year 2 income tax payable?
45
9
30
0

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