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WCC Corporation has a $100,000 net operating loss carryover to 2022 from a previous year. Assume that it reported $75,000 of taxable income in 2022
WCC Corporation has a $100,000 net operating loss carryover to 2022 from a previous year. Assume that it reported $75,000 of taxable income in 2022 (before the net operating loss deduction) and $30,000 of taxable income in 2023 (before the net operating loss deduction). Note: Leave no answer blank. Enter zero if applicable. Required: a. What is WCC's taxable income in 2022 and 2023 (after the net operating loss deduction), assuming the $100,000 NOL carryover originated in 2017? b. What is WCC's taxable income in 2022 and 2023 (after the net operating loss deduction), assuming the $100,000 NOL carryover originated in 2021? c. Assuming the $100,000 NOL carryover originated in 2020, what is WCC's book-tax difference associated with the NOL in 2022 and In 2023? Is it permanent or temporary? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is WCC's taxable income in 2022 and 2023 (after the net operating loss deduction), assuming the $100,000 NOL carryover originated in 20177 Year 2022 2023 Taxable incomo
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