Garner Grocers Began Operations in 2015 ?
A) $559,300
B) $493,850
C) $654,500
D) $595,000
E)

Multiple Choice

Garner Grocers began operations in 2015.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 2015.What is the amount of taxes the company paid in 2018? $$\begin{array} { r r } \text { Year } & \text { Taxable Income } \\\hline 2015 & - \$ 1,750,000 \\2016 & \$ 200,000 \\2017 & \$ 500,000 \\2018 & \$ 2,800,000\end{array}$$
?

A) $559,300
B) $493,850
C) $654,500
D) $595,000
E) $725,900