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Wynn Farms reported a net operating loss of $ 2 5 5 , 0 0 0 for financial reporting and tax purposes in 2 0

Wynn Farms reported a net operating loss of $255,000 for financial reporting and tax purposes in 2024. The enacted tax rate is 25%. Taxable income, tax rates, and income taxes paid in Wynn's first four years of operation were as follows:
\table[[,\table[[Taxable],[Income]],Tax Rates,\table[[Income],[Taxes Paid]]],[2020,$79,000,30%,$23,700
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