Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2020. Willow than an NOL carryover of $90,000 to 2020. How much and what is its NOL carryover to 2021 under the following assumptions?

b. $50,000 of the NOL was generated in 2018 and $40,000 was generated in 2019.

Willow Corp. tax liability in Year 3 _____

Willow Corp. NOL carryover to Year 4 $10,000