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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Theodore Enterprises had the following pretax income (loss) over its first three years of operations: 2000 $.500000 2010 (900.000) 2011 1.500.000 For each year there were no deferred income taxes and the tax rate was 30%. In its 2010 tax return, Theodore elected a loss carryback. No valuation account was deemed necessary for the deferred tax asset as of December 31, 2010. What was Theodore's income tax expense for 2011?
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