Ladow Inc Incurred a $32,000 Net Operating Loss in 2012

question 115

Multiple Choice

Ladow Inc. incurred a $32,000 net operating loss in 2012. Ladow's 2010 taxable income was $28,000, and its 2011 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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