Layla Earned $20,000 of General Business Credits from Her Sole

question 95

Multiple Choice

Layla earned $20,000 of general business credits from her sole proprietorship.Her regular tax liability is $45,000,and her tentative minimum tax is $49,000.During the current year Layla will apply general business credits of

• A)$0.
• B)$4,000.
• C)$20,000.
• D)$45,000.

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Definitions:

Dichotomous

Referring to a division or contrast between two completely opposite groups or things.

Independent Variable

In scientific experimentation, it is the variable that is manipulated or changed to test its effects on the dependent variable.

Dependent Variable

In an experiment or study, the variable that is tested and measured to see if it is affected by changes in another variable (the independent variable).

Sales Territories

are geographic or demographic regions assigned to salespersons or teams as their specific area of responsibility.