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Required information [ The following information applies to the questions displayed below. ] WCC Corporation has a $ 2 0 5 , 0 0 0

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Required information
[The following information applies to the questions displayed below.]
WCC Corporation has a $205,000 net operating loss carryover to 2023 from a previous year. Assume that it
reported $96,000 of taxable income in 2023(before the net operating loss deduction) and $135,000 of taxable
income in 2024(before the net operating loss deduction).
Note: Leave no answer blank. Enter zero if applicable.
a. What is WCC's taxable income in 2023 and 2024(after the net operating loss deduction), assuming the $205,000 NOL carryover
originated in 2017?
Answer is complete but not entirely correct.
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