1- XPO Corporation has a minimum tax credit of $51,240 from 2017. XPOs tax liability before any MTC carryover is $35,500. What is XPOs minimum tax credit carryover to 2019, if any?

• $15,740.

• $7,870.

• $51,240.

• 0

2-

Studios reported a net capital loss of $36,000 in year 5. It reported net capital gains of $26,000 in year 4 and $39,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover?

Multiple Choice

• $10,000 favorable.

• $29,000 unfavorable.

• $10,000 unfavorable.

• $29,000 favorable.

Please answer both for a thumbs up!! :)