Compute earls allowable general business credit for year


Earl generated a tentative general business credit of$28,000 for the current year. His net regular tax liability beforethe general business credit is $95,000, and his tentative minimumtax is $82,000. Compute Earl's allowable general business credit for the year.

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Accounting Basics: Compute earls allowable general business credit for year
Reference No:- TGS0722714

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