A Corporation Generates a $200,000 Net Operating Loss in 2018

question 80

Multiple Choice

A corporation generates a $200,000 net operating loss in 2018.In 2019 its taxable income from 2019 activities is $220,000.The corporation will be allowed an NOL deduction of

• A)$220,000.
• B)$200,000.
• C)$176,000.
• D)$160,000.

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Definitions:

Trekkies

Fans of the Star Trek franchise, often deeply engaged with its culture, attending conventions, and participating in related communities.

Action-Oriented

Characterized by a tendency to take actions or implement decisions quickly, focusing on achieving specific goals or outcomes.

Scattered

Describing something dispersed or spread out over a wide area, or thoughts that are disorganized.

Irrational

Describes actions or decisions not based on logical reasoning, sound judgment, or factual analysis.