Determine taxable income in each of the following independent cases In all cases, the company was very profitable in all years prior to 2017 and it had retained earnings of $1,000,000 at the end of 2017 In 2018, Company A has taxable income of $60,000 prior to consideration of any net operating loss In 2017, the company incurred a net operating loss of $10,000 It did not elect to waive the carryback period Determine 2018 taxable income In 2018, Company B has taxable income of $50,000 prior to consideration of any net operating loss In 2017, the company incurred a net operating loss of $20,000 It elected to waive the carryback period Determine 2018 taxable income In 2019, Company C has taxable income of $35,000 prior to consideration of any net operating loss In 2018, the company incurred a net operating loss of $30,000 Determine 2019 taxable income In 2019, Company D has taxable income of $35,000 prior to consideration of any net operating loss In 2017, the company incurred a net operating loss of $5,000 It elected to waive the carryback period In 2018, the company incurred a net operating loss of $40,000 Determine 2019 taxable income

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Determine taxable income in each of the following independent cases. In all cases, the company was very profitable in all years prior to 2017 and

Determine taxable income in each of the following independent cases. In all cases, the company was very profitable in all years prior to 2017 and it had retained earnings of $1,000,000 at the end of 2017.

In 2018, Company A has taxable income of $60,000 prior to consideration of any net operating loss. In 2017, the company incurred a net operating loss of $10,000. It did not elect to waive the carryback period. Determine 2018 taxable income.
In 2018, Company B has taxable income of $50,000 prior to consideration of any net operating loss. In 2017, the company incurred a net operating loss of $20,000. It elected to waive the carryback period. Determine 2018 taxable income.
In 2019, Company C has taxable income of $35,000 prior to consideration of any net operating loss. In 2018, the company incurred a net operating loss of $30,000. Determine 2019 taxable income.
In 2019, Company D has taxable income of $35,000 prior to consideration of any net operating loss. In 2017, the company incurred a net operating loss of $5,000. It elected to waive the carryback period. In 2018, the company incurred a net operating loss of $40,000. Determine 2019 taxable income.