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1. 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 carry forward from 2009 when the tax payable rate was 40%.Bodily income tax payable for 2011 would be
a. ($54,000)b. ($42,000)c. ($90,000)d. ($72,000)
Discuss whether too much governmental regulation of business or too little governmental regulation of business presents the greater danger to:
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