Layla Earned $20,000 of General Business Credits from Her Sole

question 95

Multiple Choice

Layla earned $20,000 of general business credits from her sole proprietorship.Her regular tax liability is $45,000,and her tentative minimum tax is $49,000.During the current year Layla will apply general business credits of

• A)$0.
• B)$4,000.
• C)$20,000.
• D)$45,000.

---

Definitions:

Celibate

Choosing to live without engaging in sexual activities or entering into sexual relationships, potentially for various personal or lifestyle reasons.

Ego Identity

A sense of oneself as a distinct, continuous entity with a set of beliefs, abilities, and needs.

Attraction-Similarity Hypothesis

A theory suggesting that people tend to be attracted to others who are similar to themselves in terms of attitudes, values, and beliefs.

Romantic Relationships

Interpersonal relationships characterized by emotional and physical intimacy, typically involving partners who consider each other as significant others.