Ladow Inc Incurred a $32,000 Net Operating Loss in 2013

question 17

Multiple Choice

Ladow Inc. incurred a $32,000 net operating loss in 2013. Ladow's 2011 taxable income was $28,000, and its 2012 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

---

Definitions:

Outbursts

are sudden, forceful expressions of emotion or activity, often as a result of pent-up feelings.

Self Management

The process of controlling one's own behavior, emotions, and thoughts in the pursuit of long-term goals.

Legitimate Power

The capacity to influence others by virtue of formal authority, or the rights of office.

Expertise

Specialized knowledge or skills in a particular area or field, typically obtained through experience or training.