Apartment rental rates. You want to rent an unfurnished one-bedroom apartment for next semester. The mean monthly rent for a random sample of 10 apartments advertised in the local newspaper is $640. Assume that the standard deviation is $90. Find a 95% co

The answer is (c) $200,000. To calculate this, we need to first determine the company's taxable income after applying the carry-back and carry-forward provisions. In 2011, the company had a taxable loss of -$5,500,000. Under the tax code's carry-back provision, the company is allowed to apply this loss against any taxable income from the previous two years, which means they can carry back the loss to 2009 and 2010. Let's assume the company had taxable income of $1,500,000 in both 2009 and 2010. This means that the loss from 2011 can be carried back to these years, and the company can receive a tax refund of 40% of the carry-back amount, which is -$2,200,000. Next, we need to calculate the company's taxable income for each year, taking into account the carry-back and carry-forward provisions. Using the provided table, we can see that the taxable income for each year is as follows: 2011: -$5,500,000 (loss after carry-back provision) 2012: $1,000,000 2013: $2,000,000 2014: $3,000,000 2015: $5,000,000 Now, we can calculate the tax liability for each year by multiplying the taxable income by the corporate tax rate of 40%. Using this method, we get the following tax liabilities: 2011: -$2,200,000 (tax refund after carry-back provision) 2012: $400,000 2013: $800,000 2014: $1,200,000 2015: $2,000,000 Therefore, the company paid $1,200,000 in taxes in 2014. The correct answer is (c) $200,000, which represents the difference between the tax liability for 2014 before and after the carry-back provision is applied. The tax liability before the carry-back provision is $1,200,000, and the tax liability after the carry-back provision is $1,000,000, so the company paid $200,000 in taxes in 2014.