Molly Has Generated General Business Credits Over the Years That $$\begin{array} { r r } 2013 & \$ 2,500 \\2014 & 7,500 \\2015 & 5,000 \\2016 & 4,000\end{array}$$

question 37

Multiple Choice

Molly has generated general business credits over the years that have not been utilized.The amounts generated and not utilized follow: $$\begin{array} { r r } 2013 & \$ 2,500 \\2014 & 7,500 \\2015 & 5,000 \\2016 & 4,000\end{array}$$ ? In the current year, 2017, her business generates an additional $15,000 general business credit.In 2017, based on her tax liability before credits, she can utilize a general business credit of up to $20,000.After utilizing the carryforwards and the current year credits, how much of the general business credit generated in 2017 is available for future years?

• A)$0.
• B)$1,000.
• C)$14,000.
• D)$15,000.
• E)None of the above.

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