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What amount should be reported as income tax refund

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Problem 1: TLR Productions reported income before taxes of $ 165, 000 for the years? 2016, 2017, and 2018. In 2019 they experienced a loss of $ 400 comma 000. TLR had a tax rate of 35?% in 2016 and? 2017, and a rate of 45% in 2018 and 2019. Assuming the company uses the carryback provisions for the net operating? loss, what amount should be reported as Income Tax Refund Receivable in? 2019?

Reference no: EM132825467

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