Multiple Choice
Layla earned $20,000 of general business credits from her sole proprietorship.Her regular tax liability is $45,000,and her tentative minimum tax is $49,000.During the current year Layla will apply general business credits of
A) $0.
B) $4,000.
C) $20,000.
D) $45,000.
Correct Answer:
Verified
Correct Answer:
Verified
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