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The following information for JG Corporation is available: Year Taxable Income Tax Rate...

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Accounting

The following information for JG Corporation is available:
Year Taxable Income Tax Rate Income taxes Paid
20x1 $30,00045% $13,500
20x2 $90,00038% $34,200
20x3 $85,00038% $32,300
20x4 $(150,000)40%-
JG carries applies its tax losses sequentially, that is, tax losses are carried back as far as possible. The taxes recovered for the year ended 20x4 amounted to:
Multiple Choice
$46,600.
$59,100.
$52,660.
$48,600.

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