United Airline recorded a record $15 billion loss due to the pandemic and dramatic decline...
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United Airline recorded a record $15 billion loss due to the pandemic and dramatic decline in air travel in 2020. The 2017 tax code allows companies to deduct 80% of their pretax income from past operating losses. If United Airline expect to make $3 billion pretax income in 2021, how much is the company's expected income tax in 2021 if its tax rate is 21%?
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