Question

Should Ferris Corporation elect to forgo the carryback of its $ 60,000 year 2014 net operating loss? Ferris is subject to a 16 percent cost of capital. Corporate tax rates are as in I. R. C. § 11.
a.
Tax Year Actual or Projected Taxable Income
2013 ……………………………… $ 700,000
2015 ……………………………… $ 700,000
b.
Tax Year Actual or Projected Taxable Income
2013 ………………………………….. $ 70,000
2015 ………………………………….. $ 700,000
c.
Tax Year Actual or Projected Taxable Income
2013 …………………………………. $ 70,000
2014 …………………………………. ($ 0)
2015 …………………………………. ($ 0)
2016 …………………………………. ($ 0)
2017 …………………………………. $ 700,000


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  • CreatedOctober 30, 2015
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