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Required information Problem 16-46 (LO 16-2) (Algo) [The following information applies to the questions displayed below.] WCC Corporation has a $195,000 net operating loss carryover
Required information Problem 16-46 (LO 16-2) (Algo) [The following information applies to the questions displayed below.] WCC Corporation has a $195,000 net operating loss carryover to 2023 from a previous year. Assume that it reported $94,000 of taxable income in 2023 (before the net operating loss deduction) and \$125,000 of taxable income in 2024 (before the net operating loss deduction). Note: Leave no answer blank. Enter zero if applicable. Problem 16-46 Part a (Algo) . What is WCC's taxable income in 2023 and 2024 (after the net operating loss deduction), assuming the $195,000 NOL carryover riginated in 2017
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