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WCC Corp. has a $145,000 net operating loss carryover into 2020. Assume that it reported $84,000 of taxable income in 2020 (before the net operating loss deduction) and $75,000 of taxable income in 2021 (before the net operating loss deduction). Assume CARES Act applies. (Leave no answer blank. Enter zero if applicable.)

rev: 10_16_2020_QC_CS-231569

CARES Problem 13-65 Part c (Algo)

c. Assuming the $145,000 NOL carryover originated in 2019, what is WCCs book-tax difference associated with the NOL in 2020 and in 2021 and identify the book tax difference for each year as permanent or temporary?