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Becky, a Single Individual, Reports the Following Taxable Items in 2016

Question 47

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Becky, a single individual, reports the following taxable items in 2016:
 Gross income from business $93,000 Mintus: Business expenses (105,000)($12,000) Interest income 1,500 A G I ($10,500)\begin{array}{llr} \text { Gross income from business } &\$93,000\\ \text { Mintus: Business expenses } & \underline{(105,000)}\\&(\$12,000)\\ \text { Interest income } & \underline{1,500}\\ \text { A G I } &(\$10,500)\end{array}
Itemized deductions:
 Interest expense $3,100 State Income Taxes 1,900 Casualty 3,000Total itemized deductions (8,000) Minus: Personal exemption (4,050) Taxable income($22,550)\begin{array}{ll}\text { Interest expense } & \$ 3,100 \\\text { State Income Taxes } & 1,900 \\\text { Casualty } & \underline{3,000} \\ \text {Total itemized deductions } &&(8,000)\\ \text { Minus: Personal exemption } && \underline{(4,050)}\\ \text { Taxable income} && \underline{(\$22,550)}\end{array}
What is Becky's NOL for the year?

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