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Author Question: The general business credit maynotexceed the net income tax minus the greater of the tentative minimum tax or (Read 52 times)

LCritchfi

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Question 1

The general business credit includes all of the following with the exception of
◦ research credit.
◦ disabled access credit.
◦ foreign tax credit.
◦ credit for rehabilitation expenditure.

Question 2

The general business credit may not exceed the net income tax minus the greater of the tentative minimum tax or
◦ 20% of the net regular tax liability above $20,000.
◦ 25% of the net regular tax liability above $20,000.
◦ 20% of the net regular tax liability above $25,000.
◦ 25% of the net regular tax liability above $25,000.


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Marked as best answer by LCritchfi on Sep 13, 2020

sultana.d

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LCritchfi

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


gcook

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Reply 3 on: Yesterday
Gracias!

 

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