[ANSWERED] Net Operating Loss Deduction . Michelle and Mark are married and file a joint return. Miche lle owns

Net Operating Loss Deduction . Michelle and Mark are married
and file a joint return. Miche lle owns an unincorporated dental practice .
Mark works part-time as a high school math teacher, and spends the remainder of
his time caring for their daughter. During 2019, they report the following
items:
a. What is Miche lle and Mark’s taxable income or loss for
the year?
b. What is Miche lle and Mark’s NOL for the year?