ABC Company was founded in 20X1 and had the following taxable income through 20X6:
| 20X1 |
20X2 |
20X3 |
20X4 |
20X5 |
20X6 |
| $2.5M |
$8.5M |
$7.8M |
-$17.6M |
$12.3M |
$16.4M |
Compute the corporate income tax or tax refund in each year, assuming the graduated tax rates listed below.
| At least |
But less than |
Tax Rate (%) |
Tax Calculation |
| 0.00 |
50... |