What Is the Earliest Year to Which a Corporation Can

question 10

Multiple Choice

What is the earliest year to which a corporation can use a net operating loss from 2019?

• A)2018
• B)The first year after 2019 the corporation's gross income exceeds its tax deductions for the year.
• C)The first year after 2021 that the corporation earns any revenues
• D)2017

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Definitions:

Disparate Treatment

A form of discrimination where an individual or group is treated less favorably than others based on prohibited grounds, such as race, age, or gender.

Burden of Proof

The obligation to present evidence to support one's claim or assertion, often resting on the party who initiates legal proceedings.

Non-Discriminatory Reasons

Justifiable reasons behind a decision or action that are not based on prejudice or bias against a particular group or individual.

Fair Labor Standards Act

The Fair Labor Standards Act is a U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers.