Angelo has a net operating loss $($NOL$)$ for $2023.$ How will theNOL deduction impact his income in a future period? His NOL deduction can be taken up to $100\%$ oftaxable incomeHis NOL deduction can be taken up to $80\%$ of taxable incomeHis NOL deduction can reduce his taxable income below zeroNOL deductions can only be carried to prior years, not future years