Dwayne Has General Business Credits Totaling $30,000 Before Limitation

question 92

Multiple Choice

Dwayne has general business credits totaling $30,000 before limitation.His regular tax liability is $83,000 and his tentative minimum tax is $79,000.What amount of general business credit can Dwayne take this year?

• A)$4,000
• B)$14,500
• C)$25,000
• D)$30,000

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