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WCC Corporation has a $ 2 1 5 , 0 0 0 net operating loss carryover to 2 0 2 3 from a previous year.

WCC Corporation has a $215,000 net operating loss carryover to 2023 from a previous year. Assume that it reported $98,000 of taxable income in 2023(before the net operating loss deduction) and $145,000 of taxable income in 2024(before the net operating loss deduction).
Required:
a. What is WCC's taxable income in 2023 and 2024(after the net operating loss deduction), assuming the $215,000 NOL carryover originated in 2017?
b. What is WCC's taxable income in 2023 and 2023(after the net operating loss deduction), assuming the $215,000 NOL carryover originated in 2022?
c. Assuming the $215,000 NOL carryover originated in 2022, what is WCC's book-tax 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.
Required C
What is WCC's taxable income in 2022 and 2023(after the net operating loss deduction), assuming the $215,000NOL carryover originated in 2017?
Note: Leave no answer blank. Enter zero if applicable.
\table[[Year,Taxable Income],[2022,$,0],[2023,$,(172,000)
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