Samuel had the following income and deductions listed on his 2022 individual income tax return.

Salary $33,000

Business income $20,000

Interest income on personal investments $4,000

Less business expenses $60,000

Less nonbusiness deductions $7,000

Loss shown on tax return ($10,000)

Compute the amount of Samuel 2022 net operating loss. Show all of your work.

This is a quiz due in 30 MINUTES