Problem related to tax payable rate

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Reference no: EM13141858

In 2011,Bodily Corporation reported $300,000 pretax accounting income.The income tax rate that year was 30%.Bodily had an unused $120,000 net operating loss carryforward from 2009 when the tax payable rate was 40%. Bodily income tax payable for 2011 would be:

- $54,000:

- $42,000

- $90,000

- $72,000

Reference no: EM13141858

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Problem related to tax payable rate : In 2011,Bodily Corporation reported $300,000 pretax accounting income.The income tax rate that year was 30%.Bodily had an unused $120,000 net operating loss carryforward from 2009 when the tax payable rate was 40%. Bodily income tax payable for 20..

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