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

question 436

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

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Definitions:

Adherence

The extent to which individuals stick to agreements, plans, or treatment recommendations.

Commitment

The emotional or psychological attachment an individual feels towards a cause, activity, or institution.

Compliance

The act of conforming to a request, rule, or specification.

Resistance

Opposition to change or the refusal to accept new ideas.