Answer:
True
Explanation:
The ISO 9000 management systems helps organize to meet buyers needs within regulation and requirements related to a service. A industry certifications can be used to hire and train workers.
Willow Corp NOL carryover to 2021 (year 4) is $10,000
<h3>How to calculate Willow Corp NOL carryover to year 4</h3>
Carry forward losses:
- Year 1 = $50,000
- Year 2 = $40,000
Total carry forward losses = $50,000 + $40,000
= $90,000
Eligible carry forward loss = $100,000 × 80%
= $100,000 × 0.8
= $80,000
Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%
= $20,000 × 21%
= 20,000 × 0.21
= $4,200
Willow Corp NOL carryover to year 4 = Total carry forward losses - Eligible carry forward loss
= $90,000 - $80,000
= $10,000
Learn more about tax:
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The answer to your question is IRS
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