Julie, a single taxpayer, has completed her 2018 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000. Julie takes the standard deduction of $12,000 in 2018.

b. Calculate the business and nonbusiness portions of her taxable income or loss. Business: $______ (loss) Nonbusiness: $_____(loss)

c. Determine Julie's 2018 NOL.

$_____