$*******$

Of course, here's another question with different values:

Business $($sole proprietorship$)$ net loss: $($$$65,000)$

Prior Year NOL carryforward available: $$20,000$

Wages: $$42,000$

Interest and Dividend Income: $$1,000$

Itemized Deductions: $$18,000$

Allowable deduction for self$-$employment tax: $$5,200$

Calculate:

The amount of the NOL that can be deducted in the current year.

AGI $($Adjusted Gross Income$)$

Taxable Income

Total Tax Liability