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Willow Corporation (a calendar-year C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2021. Willow had

Willow Corporation (a calendar-year C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2021. Willow had an NOL carryover of $90,000 to 2021. How much tax will Willow Corporation pay for 2021 and what is its NOL carryover to 2022 under the following assumptions?

$40,000 of the NOL was generated in 2016 and $50,000 was generated in 2020:

Willow Corporation tax liability in 2021?

Willow Corporation NOL carryover to 2022?

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