Multiple Choice
Prior to the effect of tax credits,Eunice's regular income tax liability is $325,000 and her tentative minimum tax is $312,000.Eunice has general business credits available of $20,000.Calculate Eunice's tax liability after tax credits.
A) $0
B) $305,000
C) $312,000
D) $325,000
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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