Nickerson Corporation began operations in 2013. There have been no permanent or temporary differences to account for since the inception of the business. The following data are available:
| Year |
Enacted Tax Rate |
Taxable Income |
Taxes Paid |
| 2013 |
45% |
$1,500,000 |
$675,000 |
| 2014 |
40% |
1,800,000 |
720,000 |
| 2015 |
35% |
|
|
| 2016 |
30% |
|
|
In 2015, Nicker son had an operating loss of $1,860,000. What amount of income tax benefits should be reported on the 2015 income statement due to this loss assuming that it uses the carryback provision?