Question: Question 34 3 pts For 2020, Fox, Co had a $900,000 net operating loss and a pretax net income statement loss of $800,000. The 2020

Question 34 3 pts For 2020, Fox, Co had a $900,000 net operating loss and a pretax net income statement loss of $800,000. The 2020 corporate flat tax rate is 21%, however Fox expects to be successful for many future years and they expect the average future tax rate to be 25%. What is Fox's net loss on their 2020 income statement? $575,000 $611,000 $711,000 $675,000

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