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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.

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).

Note: Leave no answer blank. Enter zero if applicable.

 

a. What is WCC's taxable income in 2023 and 2024(after the net operating loss deduction), assuming the $180,000 NOL carryover originated in 2017?


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