Cedar Corporation reported a $25,000,000 net operating loss in 2021. It also has a $100,000 NOL carryover from 2017. In 2022, Cedar reported taxable income before any NOL carryovers of $20,000,000. What is Cedar's taxable income in 2022 after the NOL deduction and what is its NOL carryover, if any, to 2023? Answer is complete but not entirely correct. Cedar's taxable income in 2022 $19,900,000 x NOL carryover to 2023 $ 4,000,000

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