Question
Required information CARES Problem 13-65 (LO 13-3) (Static) Skip to question [The following information applies to the questions displayed below.] WCC Corp. has a $100,000
Required information
CARES Problem 13-65 (LO 13-3) (Static)
Skip to question
[The following information applies to the questions displayed below.] WCC Corp. has a $100,000 net operating loss carryover into 2020. Assume that it reported $75,000 of taxable income in 2020 (before the net operating loss deduction) and $30,000 of taxable income in 2021 (before the net operating loss deduction). Assume CARES Act applies. (Leave no answer blank. Enter zero if applicable.)
rev: 10_16_2020_QC_CS-231569
CARES Problem 13-65 Part b (Static)
b. What is WCCs taxable income in 2020 and 2021 (after the net operating loss deduction), assuming the $100,000 NOL carryover originated in 2019?
only need 2020
i put 15000 but was wrong
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