Business, 07.05.2020 06:00, xelynncaldera

Carlson's general business credit (before limitations) for the current year is $158,150. His net income tax is $347,930, tentative minimum tax is $313,137, and net regular tax liability is $330,534. He reports no other Federal income tax credits for the year. Compute Carlson's general business credit allowed for the year, and any amounts that can be carried back and forward

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Carlson's general business credit (before limitations) for the current year is $158,150. His net inc...