Dorsett Corporation’s income tax return for 2007 shows deductions exceeding gross income by $56,800. Included in the tax return are the following items:
|
Net operating loss deduction (carryover from 2006) |
$15,000 |
|
Dividends received deduction |
6,800 |
What is Dorsett’s net operating loss for 2007?
- $56,800
- $50,000
- $41,800
- $35,000