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please help im at a loss on what i did wrong WC Corporation is currently in the sixth year of its existence (2027). In 2016-2020.
please help im at a loss on what i did wrong
WC Corporation is currently in the sixth year of its existence (2027). In 2016-2020. it reported the following income and osses) before net operating loss cartyovers or carrybacks). 2016 (72,000) (22,500) 41,750 145,000 (217,000) 305,000 What is MWC's 2021 taxable income after the NOL deduction (assume it elects to carryback any NOLs it is allowed to arryback)? 2017 2018 2019 2020 2021 Answer is complete but not entirely correct. 2021 tacable income after the NOL deduction 88,000 x s . What is its 2021 book-tox difference associated with its NOL? Is it favorable or unfavorable? Is it permanent on emporary Answer is complete but not entirely correct. Book tau Favorable or Temporary of Horence Unfavorable Permanent 5 217.000 Favorable Temporary 2021 Step by Step Solution
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