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How much NOL can Mask use

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Reference no: EM132677160

Problem - Mask Corporation generated a net operating loss of $24,000 in 2019 and taxable income of $10,000 in 2020. How much NOL can Mask use in 2020 to reduce taxable income?

a. $8,000

b. $10,000

c. $19,200

d. $24,000

Reference no: EM132677160

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