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10. - Fortune Enterprises reports a $400,000 operating loss in 2019. The company has provided you with the following data for its previous tax years:
10. - Fortune Enterprises reports a $400,000 operating loss in 2019. The company has provided you with the following data for its previous tax years: Year Tax Rate Taxes Paid Taxable income or Loss $10,000 $90,000 $500,000 2016 2017 2018 40% 40% $4,000 $36,000 $100,000 20% Determine the amount of loss carry back for 2019. b. c. $100.000 $80,000 $160,000 $0 - loss carry back can no longer be used
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