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A. In its first year of existence (2017), SCC corporation (a C corporation) reported a loss...

A.

In its first year of existence (2017), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much tax will SCC pay in year 2018 if it reports taxable income from operations of $21,000 before considering loss carryovers?

B.

In its first year of existence (2018), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much tax will SCC pay in year 2019 if it reports taxable income from operations of $21,000 before considering loss carryovers?

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a year 2 is 2017 (as per given data ] scos can off with limit of carry forward the loss to set luture taxable income. Here t

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