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MWC Corp. is currently in the sixth year of its existence (2019). In 2014-2018, it reported the following income and (losses) (before net operating loss
MWC Corp. is currently in the sixth year of its existence (2019). In 2014-2018, it reported the following income and (losses) (before net operating loss carryovers or carrybacks). 2014: $(55,500) 2015: (20,750) 2016: 37,750 2017: 165,000 2018: (15,500) 2019: 412,500 a. What is MWC's 2019 taxable income after the NOL deduction? 2019 taxable income after the NOL deduction b. What is its 2019 book-tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary? Year Dook-tax Favorable or Temporary or Ditorence Unfavorable Permanent 2019
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