Taxable Income and CarryForward Percentage and Dollar Amounts
Table 29-4 Taxable Income and CarryForward Percentage and Dollar Amounts
Utilization Taxable Income | Utilization Carry forward | Example Use Case (Lesser of the two) | ||
---|---|---|---|---|
Percent | Dollar | Percent | Dollar | |
100% | 20$ | 100% |
Carry forward = 100$ and Taxable income =50$ Expected Utilized amount should be = -20$ |
|
100% | 100% | 10$ |
Carry forward = 100$ and Taxable income =50$ Expected Utilized amount should be = -10$ |
|
100% | 20$ | 100% | 30$ |
Carry forward = 100$ and Taxable income =50$ Expected Utilized amount should be = -20$ |
100% | 30$ | 100% | 20$ |
Carry forward = 100$ and Taxable income =50$ Expected Utilized amount should be = -20$ |
100% | 30$ | 100% | 20$ |
Carry forward = 100$ and Taxable income =50$ Expected Utilized amount should be = -5$ (that is, 10% of taxable income(50$)) |
100% | 30$ | 10% | 20$ |
Carry forward = 100$ and Taxable income =50$ Expected Utilized amount should be = -10$ (that is, 10% of Carry forward available (100$)) |