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Wynn Farms reported a net operating loss of $ 2 1 0 , 0 0 0 for financial reporting and tax purposes in 2 0

Wynn Farms reported a net operating loss of $210,000 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[[,Taxable,,],[Income,Tax Rates,\table[[Income],[Taxes Paid]],],[2020,$70,000,30%,$21,000
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