NO.PZ201601210100019001
问题如下：
1. In 2007, the company’s net income (loss) was closest to:
选项：
A.($217,000).
B.($329,000).
C.($556,000).
解释：
C is correct.
The income tax provision at the statutory rate of 34 percent is a benefit of $112,000, suggesting that the pre-tax income was a loss of $112,000/0.34 = ($329,412). The income tax provision was $227,000. ($329,412) − $227,000 = ($556,412).
解析：
federal tax expense( benefit)=pre-tax income* federal tax rate
已知federal tax expense和federal tax rate，那么我们就可以反求出pre-tax income (loss) 是($329,412)。
又因为 net income=pre-tax income-income tax expense
已经求出pre-tax income (loss)，又已知income tax expense是 $227,000，则可求得Net income (loss) = ($329,412) - $227,000 = ($556,412)
federal income tax expense可以理解为是current tax expense吗？就是税报上的纳税额？
