The current-year 2015 statutory tax rate is 30%. For each of the following cases, determine the 2015 year-to-date (YTD) tax benefit traceable to the YTD operating loss.

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Case A Case B Case C Case D Current Year 2015 YTD operating income Projected income (loss) for the balance of the year considered (80,000 $(80,000) 50,000 $(20,000 (80,000 (40,000) 80,000 Morelikely than not 120,000 Not more likely than not Future income considered more likely than not Prior-Year 2014 Statutory tax rate Annual operating income (loss) Future income considered more likely than not Prior-Year 2013 Statutory tax rate Annual operating income (loss) Future income considered more likely than not 30,000 20,000 25% 25% 25% 25% (30,000) 35,000 10,000 15,000 (40,000) 5,000 20,000 15% 15% 15% 10,000 20,000 30,000