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Suppose a company has taxable income of $80 billion. However, the company has $72 billion in prior unused net operating losses. What is the companys
Suppose a company has taxable income of $80 billion. However, the company has $72 billion in prior unused net operating losses. What is the companys taxable income after the carryforward adjustment, the tax on the adjusted income, and any remaining unused prior loss? The corporate tax rate is 25% and the carryforward limitation percentage is 80%
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