Clinton corp. operates in an industry for which nol carryback is not allowed, and had the following pretax income (loss) over its first three years of operations 2019$1,200,000 2020 (900,000) 2021 1,500,000 for each year there were no deferred income taxes and the tax rate was 25%. no valuation account was deemed necessary for the deferred tax asset as of december 31, 2020. what was clinton's income tax expense in 2021?

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.