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Dwayne Has General Business Credits Totaling $30,000 Before Limitation

Question 92

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

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