Chapter 16 Homework Saved Help Help Save & Exit Submit Check my work 5 MWC Corp. is currently in the sixth year of its existence (2020). In 2015-2019, it reported the following income and losses) (before net operating loss carryovers or carrybacks). 10 points 2015 2016 2017 2018 2019 2020 $175,000) (19,750) 41,500 146,000 (24,000) 517,500 cBook Print References a. What is MWC's 2020 taxable income after the NOL deduction? 2020 laxable income after the NOL deduction b. What is its 2020 book-tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary? Year Book-tax Difference Favorable or Unfavorable Temporary or Permanent 2020