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How much tax will willow corporation pay

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Reference no: EM133148343

Question - Willow Corporation (a calendar-year C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2021. Willow had an NOL carryover of $90,000 to 2021. How much tax will Willow Corporation pay for 2021 and what is its NOL carryover to 2022 under the following assumptions?

Reference no: EM133148343

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