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Willow Corporation ( a calendar - year C corporation ) reported taxable income before the net operating loss deduction ( NOL ) in the amount

Willow Corporation (a calendar-year C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2024. Willow had an NOL carryover of $90,000 to 2024. How much tax will Willow Corporation pay in 2023, what is its NOL carryover to 2025, and when will the NOL expire under the following assumptions?
Note: Leave no answer blank. Enter zero if applicable.
b. $40,000 of the NOL was generated in 2016 and $50,000 was generated in 2023.
What would Willow Corporation tax liability in 2023?
What would Willow Corporation NOL carryover to 2024?

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