Chapter 16 Saved Help Save & Exit Submit Check my work 4 Required information [The following information applies to the questions displayed belowJ MWC Corp. is currently in the sixth year of its existence (2017). In 2012-2016, it reported the following income and Part 1 of 3 (losses) (before net operating loss carryovers or carrybacks). points 2012:$ (72,500) 2013: (33, 500) 2014: 32,000 2015: 172,500 2016: (36, 000) 2017: 547,500 eBook Print References a. Assuming the original facts and that MWC elects to not carry back NOLs, what was MWC's 2015 taxable income? Taxable income Mc Graw Prev 4 5 6 of 16 Next