Multiple Choice
The general business credit may not exceed the net income tax minus the greater of the tentative minimum tax or
A) 20% of the net regular tax liability above $20,000.
B) 25% of the net regular tax liability above $20,000.
C) 20% of the net regular tax liability above $25,000.
D) 25% of the net regular tax liability above $25,000.
Correct Answer:
Verified
Correct Answer:
Verified
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