Julie, a single taxpayer, has completed her 2022 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000. Julie takes the standard deduction of $12,950 in 2022. a. Calculate Julie's taxable income or loss. b. Calculate the business and nonbusiness portions of her taxable income or loss. Business: $ Nonbusiness: $ c. Determine Julie's 2022 NOL.

Julie, a single taxpayer, has completed her 2022 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000. Julie takes the standard deduction of $12,950 in 2022. a. Calculate Julie's taxable income or loss. $ b. Calculate the business and nonbusiness portions of her taxable income or loss. Business: $ Nonbusiness: $ c. Determine Julie's 2022NOL