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:

Conventional Reasoning

A stage in moral development where individuals make judgments based on societal norms and the expectations of others.

Care Orientation

Gilligan’s feminine mode of moral reasoning, characterized by a desire to maintain relationships and a responsibility to avoid hurting others.

Justice Orientation

A male mode of moral reasoning proposed by Gilligan that emphasizes the abstract principles of fairness and individualism.

Social Responsibility

The idea that individuals and organizations have an obligation to act for the benefit of society at large, promoting a positive impact on social, environmental, and economic factors.