Question: Exercise 7-30 (Algorithmic) ( LO. 7) Emily, who is single, sustains an NOL of $12,680 in 2022. The loss is carried forward to 2023. For

Exercise 7-30 (Algorithmic) ( LO. 7) Emily, who is single, sustains an NOL of $12,680 in 2022. The loss is carried forward to 2023. For 2023, Emily's income tax information before taking into account the 2022NOL is as follows: - The 2022 single standard deduction is \$12,950; Emily's itemized deductions will exceed the 2023 single standard deduction (after adjustment for inflation). How much of the NOL carryforward can Emily use in 2023, and what is her adjusted gross income and her taxable income? Emily ma, use s of the NOL, resulting in adjusted gross income of \$ and taxable income x

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