Garner Grocers began operations in 2005.

| September 29, 2018

Garner Grocers began operations in 2005. Garner has reported the following levels of taxable income (EBT) over the past several years. The corporate tax rate was 34% each year. Assume that the company has taken full advantage of the Tax Code’s carry-back, carry-forward provisions, and assume that the current provisions were applicable in 2005. What is the amount of taxes the company paid in 2008?Year Taxable Income2005 -$3,200,0002006 $200,0002007 $500,0002008 $2,800,00a. $92,055b. $96,900c. $102,000d. $107,100e. $112,455

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