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The XYZ Corp had taxable income for the following years: Year Income CF CB Adj Taxes 2010 $10,000.00 2011 $15,000.00 2012 $5,000.00 2013 $5,000.00 2014
The XYZ Corp had taxable income for the following years:
| Year | Income | CF | CB | Adj | Taxes |
| 2010 | $10,000.00 | ||||
| 2011 | $15,000.00 | ||||
| 2012 | $5,000.00 | ||||
| 2013 | $5,000.00 | ||||
| 2014 | $ (50,000.00) | ||||
| 2015 | $5,000.00 | ||||
| 2016 | $30,000.00 | ||||
| 2017 | $50,000.00 |
Using the carry forward, carry back tax method, calculate the company's tax liability for each year.
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