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HwangIncorporated had taxable income of $107,000 in 2017, no income orloss in 2018 and 2019, and an NOL of $57,000 in 2020. Theapplicable tax rate

HwangIncorporated had taxable income of $107,000 in 2017, no income orloss in 2018 and 2019, and an NOL of $57,000 in 2020. Theapplicable tax rate was 40% in 2017 and 25% in 2018 and thereafter.Pr 2 answers

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