Question: Michelle and Mark are married and file a joint return. Michelle owns an unincorporated dental practice. Marl works part - time as a high school

Michelle and Mark are married and file a joint return. Michelle owns an unincorporated dental practice. Marl works part-time as a high school math teacher, and spends the remainder of his time caring for their daught 2023, they report the following items: View the data. View the standard deduction amounts. Read the requirements. Requirement a. What is Michelle and Mark's taxable income or loss for the year? (Use a minus sign or par a loss or negative adjusted gross income.) Net business income (loss)[ Adjusted gross income [ Taxable income (loss) Requirement b. What is Michelle and Mark's net operating loss (NOL) for the year? (Use a minus sign or paren for a loss or for numbers to be subtracted. Use a positive number for all amounts being added.)
Excess of non-business deductions over nonbusiness income:
Plus: Excess of non-business deductions over non-business income
Net operating loss
Michelle and Mark are married and file a joint

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