Essay
Molly has generated general business credits over the years that have not been utilized.The amounts generated and not utilized equal:
In the current year, 2019, her business generates an additional $15,000 general business credit.In 2019, based on her tax liability before credits, she can utilize a general business credit of up to $20,000.After utilizing the carryforwards and the current year credits, how much of the general business credit generated in 2019 is available for future years?
a.$0.
b.$1,000.
c.$14,000.
d.$15,000.
Correct Answer:

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c
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Correct Answer:
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