Molly Has Generated General Business Credits Over the Years That

question 80

Essay

Molly has generated general business credits over the years that have not been utilized.The amounts generated and not utilized equal: In the current year, 2019, her business generates an additional $15,000 general business credit.In 2019, 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 2019 is available for future years?
a.$0.
b.$1,000.
c.$14,000.
d.$15,000.

---

Definitions:

Societal Views

The collective opinions, beliefs, and attitudes of a society or community towards various topics or issues.

Cultural Views

The perspectives and attitudes held by a particular culture towards various topics, issues, or phenomena, often influencing behavior and practices.

Night Vision

The ability to see in low light conditions, often enhanced through natural adaptions or technological devices.

Age

The length of time that a person has lived or a thing has existed.