Check my work Required information [The following information applies to the questions displayed below.] Part 1 of 2 10 In its first year of existence (year 1), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much tax will SCC pay in year 2 if it reports taxable income from operations of $20,000 before considering loss carryovers under the following assumptions? (New Corporate income tax rate has been mentioned as "21% on all taxable income" as per the recent change. Leave no answer blank. Enter zero if applicable.) points eBook a. Year 1 is 2017. Hint Print SCC Tax liability in Year 2 References b. Year 1 is 2018. SCC Tax liability in Year 2