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Required information [The following information applies to the questions displayed below.] WCC Corporation has a $100,000 net operating loss carryover into 2021. Assume that

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Required information [The following information applies to the questions displayed below.] WCC Corporation has a $100,000 net operating loss carryover into 2021. Assume that it reported $75,000 of taxable income in 2021 (before the net operating loss deduction) and $30,000 of taxable income in 2022 (before the net operating loss deduction). (Leave no answer blank. Enter zero if applicable.) c. Assuming the $100,000 NOL carryover originated in 2020 and WCC elected to not carry back the loss, what is WCC's book-tax difference associated with the NOL in 2021 and in 2022? Identify the book-tax difference for each year as permanent or temporary. Year Book-tax Difference Favorable or Unfavorable Temporary or Permanent 2021 2022

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