Karen Has a Net Operating Loss in 2015

question 28

Multiple Choice

Karen has a net operating loss in 2015. If she does not make any special elections, what is the first year to which Karen can carry the net operating loss? ​

• A)2010
• B)2011
• C)2012
• D)2013
• E)2014

---

Definitions:

Poverty Rate

A statistical measure reflecting the percentage of the population living below the poverty line, based on income, family size, and other factors.

Southern Christian Leadership Conference

An African-American civil rights organization founded in 1957, which played a major role in the American civil rights movement.

Civil Rights

The rights of citizens to political and social freedom and equality, often protected by law against discrimination or repression.

Military-Industrial Complex

The concept of “an immense military establishment” combined with a “permanent arms industry,” which President Eisenhower warned against in his 1961 Farewell Address.