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Molly Has Generated General Business Credits Over the Years That

Question 118

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Molly has generated general business credits over the years that have not been utilized.The amounts generated and not utilized follow: Molly has generated general business credits over the years that have not been utilized.The amounts generated and not utilized follow:     In the current year, 2018, her business generates an additional $15,000 general business credit.In 2018, 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 2018 is available for future years? A) $0. B) $1,000. C) $14,000. D) $15,000. E) None of the above. Molly has generated general business credits over the years that have not been utilized.The amounts generated and not utilized follow:     In the current year, 2018, her business generates an additional $15,000 general business credit.In 2018, 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 2018 is available for future years? A) $0. B) $1,000. C) $14,000. D) $15,000. E) None of the above. In the current year, 2018, her business generates an additional $15,000 general business credit.In 2018, 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 2018 is available for future years?


A) $0.
B) $1,000.
C) $14,000.
D) $15,000.
E) None of the above.

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