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In 2019, Veronica Palmer, Inc. reports a net operating loss of $800,000. The company looks forward to future years and estimates that $400,000 of the

In 2019, Veronica Palmer, Inc. reports a net operating loss of $800,000. The company looks forward to future years and estimates that $400,000 of the loss will be applied against income in 2020, $200,000 will be applied in 2021, and $200,000 will be applied in 2022. The average tax rates expected each year are as follows:

Year Average Tax Rate
2020 22%
2021 25%
2022 28%

Veronica Palmer records a DTA in 2019 for the expected carryforward. What amount of DTA will the company record? Enter your answer as a positive number.

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