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MWC Corporation is currently in the sixth year of its existence (2021). In 20162020, it reported the following income and (losses) (before net operating loss

MWC Corporation is currently in the sixth year of its existence (2021). In 20162020, it reported the following income and (losses) (before net operating loss carryovers or carrybacks).

2016 $ (98,000)
2017 (26,750)
2018 80,250
2019 181,500
2020 (228,000)
2021 432,500

a. What is MWC's 2021 taxable income after the NOL deduction (assume it elects to carryback any NOLs it is allowed to carryback)?

b. What is its 2021 booktax difference associated with its NOL?

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