Ladow IncIncurred a $32,000 Net Operating Loss in 2017

question 115

Multiple Choice

Ladow Inc.incurred a $32,000 net operating loss in 2017.Ladow's 2015 taxable income was $28,000,and its 2016 taxable income was $149,200.Use the corporate tax rates included in Appendix C to compute Ladow's refund from an NOL carryback deduction.

• A)$5,760
• B)$10,880
• C)$12,480
• D)None of the above

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