Multiple Choice
Dwayne has general business credits totaling $30,000 before limitation.His regular tax liability is $83,000 and his tentative minimum tax is $79,000.What amount of general business credit can Dwayne take this year?
A) $4,000
B) $14,500
C) $25,000
D) $30,000
Correct Answer:

Verified
Correct Answer:
Verified
Q87: In the fall of 2019,James went back
Q88: Max and Alexandra are married and incur
Q89: Marvin and Pamela are married,file a joint
Q90: A self-employed individual has earnings from his
Q91: For purposes of the AMT,certain itemized deductions
Q93: Joe,who is single with modified AGI of
Q94: Nonrefundable personal tax credits can only offset
Q95: Layla earned $20,000 of general business credits
Q96: Qualified tuition and related expenses eligible for
Q97: Carlotta has $50,000 foreign-source income and $150,000