Year income loss tax rate income tax 2009 30000 35 10500


The Kelso Company had the following operating results: Year Income (loss) Tax rate Income tax 2009 30,000 35% 10,500 first year of operations 2010 45,000 30% 13,500 2011 (60,000) 30%0 What is the income tax refund receivable?

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Taxation: Year income loss tax rate income tax 2009 30000 35 10500
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