WCC Inc. has a current year (2015) net operating loss of $100,000. It is trying to determine whether it should carry back the loss or whether it should elect to forgo the carryback. How would you advise WCC in each of the following alternative situations (ignore the time value of money in your computations)?

a) 2014 2016 2013 $ 300,000 Taxable income $ 30,000 b) Taxable income 2013 $900,000 2016 2014 $ 100,000 $60,000 2014 c) 2013 2016 Taxable income $60,000 2014 $900,000 2013 $5,000,000 2016 d) $ 50,000 $2,000,000 Taxable income $20,000 b)