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using any past operating losses. It projects $440,000 pre-tax earnings next year. Enter your answers as positive values. If an amount is zero, enter
using any past operating losses. It projects $440,000 pre-tax earnings next year. Enter your answers as positive values. If an amount is zero, enter " 0 ". Round your answers to the nearest dollar. a. How much taxable income was there last year? $ How much, if any, cumulative losses remained at the end of the last year? $ b. What is the taxable income in the current year? $ How much, if any, cumulative losses remain at the end of the current year? $ c. What is the projected taxable income for next year? $ How much, if any, cumulative losses are projected to remain at the end of next year? $
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