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Compute the tak liabilities for each year along with tracking any NOL. The companys objective is to use the carryback and th

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Answer . Tax liabilelite each year along tracking Tax Table Income Tanable income Tan Rate o 50000 - 50000 - 755000 50000 15%year Netincam Tanincome Tanliability Nol Tarinan Tanlich 2001 20000 20000 3000 20000 2002 12000 19000 1800 12000 1000 150 200y ear Tain leabely is as small possible A company with yearly revenues 15 million year net income NOL 2001 25000 25000 1000 2

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