Ivan has generated the following taxes and credits this year:
How much general business credit will he apply to the current year tax liability?
Definitions:
Methanol
A simple alcohol with the formula CH3OH, used as a solvent, antifreeze, fuel, and as a precursor to other chemicals.
Catalytic Acid
An acid that speeds up a chemical reaction without being consumed in the process, by providing protons to facilitate the reaction.
Carboxylic Acid
An organic compound containing a carboxyl group (C(O)OH), known for its acidity due to the hydrogen atom's ability to dissociate from the carboxyl group.
Acid Chloride
Organic compounds derived from carboxylic acids by replacing the hydroxyl group with a chlorine atom, making them highly reactive acylating agents.
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