Net capital losses may be: O allocated only over the next 3 years. O carried back 5 years or carried forward up to 15 years. O deducted from the current year's earnings. O carried back 5 years or carried forward up to 5 years. O carried back 3 years or carried forward up to 5 years. Corporate capital gains income is taxed at: none of the above. O the same rate as normal income. O 70 percent of the rate of normal income. O 20 percent of the rate of normal income. O 30 percent of the rate of normal income