Question: this is all one question PLEASE help, not too hard!! federal US taxation 2023 Required information [The following information applies to the questions displayed below.]


![below.] WCC Corporation has a \\( \\$ 170,000 \\) net operating loss](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/09/66eb51de1c8d7_94966eb51ddb71a8.jpg)
this is all one question PLEASE help, not too hard!! federal US taxation 2023
Required information [The following information applies to the questions displayed below.] WCC Corporation has a \\( \\$ 170,000 \\) net operating loss carryover to 2023 from a previous year. Assume that it reported \\( \\$ 89,000 \\) of taxable income in 2023 (before the net operating loss deduction) and \\( \\$ 100,000 \\) of taxable income in 2024 (before the net operating loss deduction). Note: Leave no answer blank. Enter zero if applicable. What is WCC's taxable income in 2023 and 2024 (after the net operating loss deduction), assuming the \\( \\$ 170,000 \\) NOL carryover riginated in 2017? b. What is WCC's taxable income in 2023 and 2024 (after the net operating loss deduction), assuming the \\( \\$ 170,000 \\mathrm{NOL} \\) carryover originated in 2020 and WCC elected to forgo the NOL carry back option? c. Assuming the \\( \\$ 170,000 \\mathrm{NOL} \\) carryover originated in 2020 and WCC elected to not carry back the loss, what is the book-tax difference for each year? Is it favorable or unfavorable? Is it temporary or permanent
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