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WCC Corporation has a $ 1 8 0 , 0 0 0 net operating loss carryover to 2 0 2 3 from a previous year.

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WCC Corporation has a $180,000 net operating loss carryover to 2023 from a previous year. Assume that it reported $91,000 of taxable income in 2023(before the net operating loss deduction) and $110,000 of taxable income in 2024(before the net operating loss deduction).
Assuming the $180,000 NOL carryover originated in 2022, what is WCC's booktax difference associated with the NOL in 2023 and in 2024? Is it permanent or temporary?
Complete this question by entering your answers in the tabs below.
Assuming the $180,000 NOL carryover originated in 2022, what is WCC's book-tax difference associated with the NOL in 2022
and in 2023? Is it permanent or temporary?
Note: Leave no answer blank. Enter zero if applicable.
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