Business
Business, 06.08.2021 20:50, lorry8488

Carlson's general business credit for the current year is $112,150. His net income tax is $246,730, tentative minimum tax is $222,057, and net regular tax liability is $234,394. He has no other Federal income tax credits. Determine 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 for the current year is $112,150. His net income tax is $246,730,...

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