Over the last five years, corporation A has been consistently profitable. Its earnings before taxes were as follows: Year 1 2 3 4 5 Earnings $1,300 $3,000 $4,000 $5,300 $4,800 If the corporate tax...

Over the last five years, corporation A has been consistently profitable. Its earnings before taxes were as follows:

1. 
   

   If the corporate tax rate was 29 percent, what were the firm's income taxes for each year? Round your answers to the nearest dollar.

   
   

   
   

   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   

   Year	1	2	3	4	5
   Taxes	$	$	$	$	$

   
   

   
   



2. 
   

   Unfortunately, in year 6 the firm experienced a major decline in sales, which resulted in a loss of $10,300. What impact will the loss have on the firm's taxes for each year if the permitted carry-back is two years? If the answer is zero, enter "0". Round your answers to the nearest dollar.

   
   

   
   

   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   

   Year	1	2	3	4	5
   New Taxes	$	$	$	$	$

   
   

   
   

   Total tax refund: $