Question: ABC began operations in 2011. ABC has reported the following levels of taxable income (EBT) over the past several years. The corporate tax rate was

ABC began operations in 2011. ABC has reported the following levels of taxable income (EBT) over the past several years. The corporate tax rate was 34% each year. Assume that the company has taken full advantage of the Tax Code's carry-back, carry-forward provisions, and assume that the current provisions were applicable in 2011. What is the amount of taxes the company paid in 2014? Year 2011 2012 2013 Taxable income -$3,000,000 $ 200,000 $ 500,000 $2,800,000 2014 O 170,000 none of the above 102,000 O 107.000

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