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Evaluate income tax expense

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Reference no: EM13691804

In 2008, Eric Corporation reported $90,000 net income before taxes. The income tax rate for 2008 was 30 percent. Eric had unused $60,000 new operating loss carryforward arising in 2007 when the tax rate was 35 percent.

The income tax expense Eric would report for 2008 would be

Reference no: EM13691804

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