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

question 1253

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) $176,000.
• C) $160,000.
• D) $200,000.

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Definitions:

Colorblind Racism

A form of racism that pretends race and racial inequalities do not exist, ignoring the impacts of racial discrimination while maintaining and perpetuating inequalities.

Sociological Perspective

A viewpoint in sociology that emphasizes understanding human behavior by placing it within its broader social context.

Separate But Equal

A doctrine that was used to justify racial segregation, asserting that separate facilities for different races were permissible if equal quality was maintained.

Ethnic Minority

An ethnic minority is a group of people who differ in race or color or in national, religious, or cultural origin from the majority of the population.