Monroe Corporation reported the following results for the current year: 
In addition to the above, Monroe Corporation has a $5,000 NOL carryforward available from last year. What is Monroe Corporation's taxable income for the current year?
Definitions:
Managing Relationships
The process of developing, maintaining, and enhancing interactions with individuals or groups to achieve desired outcomes and foster mutual respect.
Educator Expense Deduction
The Educator Expense Deduction allows eligible educators to deduct unreimbursed expenses for classroom supplies, up to a specified amount annually.
Eligible Educator
A teacher or educational professional who meets certain criteria and may qualify for specific tax deductions or benefits.
Student Loan Interest
The cost paid for borrowing money for education, which can sometimes be deductible on federal taxes.
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