10. Fortune Enterprises reports a $400,000 operating loss in 2021. The company has provided you with the following data for its previous tax years: Year Taxable income or (Loss) $10,000 Tax Rate Taxes Paid 2018 40% $4,000 2019 $90,000 $500,000 2020 20% 20% $18,000 $100,000 Determine the amount of loss carry back for 2021. a. $100,000 b. $80,000 c. $160,000 d. $0 As a component of Pension Expense, Service Cost can best be described as: a. The increase in pension benefits payable to employees for one additional year of service based on current salaries b. The increase in pension benefits payable to employees for one additional year of service based on future salaries C. The increase in pension benefits payable to employees for all years of service, including the years of service prior to the adoption of the pension plan d. The present value of all Projected Benefits and Prior Services Costs discounted by an appropriate rate of return