Feedback Check My Work b. Compute Xinran's NOL for 2023. (3) Determine final taxable income: Net business income Salary Interest income NOL deduction Adjusted gross income Less: Itemized deductions Charitable contributions Medical expenses Less: Deduction for qualified business income: Grocery store Taxable income c. Determine Xinran's taxable income for 2024. 2024 (1) Determine taxable income before application of the NOL: Net business income Salary Interest income Adjusted gross income Less: Itemized deductions: Less: Deduction for qualified business income: Grocery store Taxable income (2) Determine the NOL deduction: 1. The NOL carryforward $ , or 2. 80% of taxable income computed in step 1:$ (3) Determine final taxable income: Net business income Salary Interest income NOL deduction