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Suppose a firm has the following taxable income as shown below. How much loss would be allowed to be carried forward past 2022? Year Taxable

Suppose a firm has the following taxable income as shown below. How much loss would be allowed to be carried forward past 2022? Year Taxable Income 2018 $20,000 2019 $15,000 2020 $10,000 2021 ($30,000) 2022 $16,000 a. $8,000 of loss b. $14,000 of loss c. $4,000 of loss d. $0 of loss e. none of the above 17,200

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