Determine the expected annual tax liability

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Reference no: EM131340119

Using the tax rates shown in Table 2A.1, determine the expected annual tax liability of Kaiser Enterprises (a new firm formed in 2004), if the firm anticipates the following stream of taxable income:

Year	Taxable income
2004	$30,000
2005	80,000
2006	(150,000)
2007	125,000
2008	150,000
2009	(75,000)

Reference no: EM131340119

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