Solution-What will be the company deferred tax asset for

What will be the company deferred tax asset for the NOL

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Question - MDN, Inc. reports a net operating loss for 2021 of $4,864,000. Last year the company reported taxable income of $1,216,000 and in 2019 the company reported taxable income of $2,918,000. If the tax team used the carryback provision, what will be the company's deferred tax asset for the NOL, assuming the tax rate for 2019-2021 was 25% and the estimated future tax rate is 30%?

a. $182,500

b. $219,000

c. $1,033,500

d. $1,216,000

Reference no: EM133061163

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What will be the company deferred tax asset for the NOL

Reference no: EM133061163

Reference no: EM133061163

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