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Wynn Farms reported a net operating loss of $ 2 3 0 , 0 0 0 for financial reporting and tax purposes in 2 0

Wynn Farms reported a net operating loss of $230,000 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,Income Taxes],[2020,$74,000,30%,$22,200
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