Weston Corporation Has Accumulated Minimum Tax Credits of $134,000 from Tax

question 101

Multiple Choice

Weston Corporation has accumulated minimum tax credits of $134,000 from tax years prior to 2018. If 2018 regular tax before credits is $47,000 and Jackson qualifies for general business credits of $14,000, its allowable minimum tax credit for 2018 is:

• A) $134,000
• B) $47,000
• C) $83,500
• D) $100,000