Question: I keep getting this wrong someone help. 1 12 points Return to question MWC Corporation is currently in the sixth year of its existence (2029).

I keep getting this wrong someone help.

1 12 points Return to question MWC Corporation is currently in the sixth year of its existence (2029). In 2016-2020, it reported the following income and losses) (before net operating loss carryovers or carrybacks). 2016 5 (88,500) 2017 (12,500) 2018 52,750 2019 142,000 2020 (216,000) 2021 460,000 a. What is MWC 2021 taxable income after the NOL deduction (assume it elects to carryback any NOLs it is allowed to carryback? Answer is complete but not entirely correct. 2021 taxable income after the NOL deduction 105,250 b. What is its 2021 book-tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary? Year Answer is complete but not entirely correct. Bio- Favorable or Temporary or Difference Unfavorable Pormanent 62.750 Favorable Temporary 2021 1 1

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