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Suppose your firm had the following taxable income amounts: 2015 ($5 million) operating loss 2016 $4 million 2017 $4 million 2018 $4 million After you

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Suppose your firm had the following taxable income amounts: 2015 ($5 million) operating loss 2016 $4 million 2017 $4 million 2018 $4 million After you "carry forward" the operating loss, what is the effective taxable income for 2017? $0 O $3 million O $1 million O $2 million O $4 million

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