Ivan has generated the following taxes and credits this year:
$\begin{array}{lc}
\text { Regular tax } & \$ 38,000 \
\text { Tentative minimum tax } & 28,000 \
\text { Dependent care credit } & 1,200 \
\text { Lifetime Learning credit } & 800 \
\text { General business credits } & 35,000
\end{array}$ How much general business credit will he apply to the current year tax liability?

Question

Ivan has generated the following taxes and credits this year:
 $\begin{array}{lc}
\text { Regular tax } & \$ 38,000 \
\text { Tentative minimum tax } & 28,000 \
\text { Dependent care credit } & 1,200 \
\text { Lifetime Learning credit } & 800 \
\text { General business credits } & 35,000
\end{array}$ How much general business credit will he apply to the current year tax liability?

Quizplus · Accepted Answer

The Answer of Ivan has generated the following taxes and credits this year:
 $\begin{array}{lc}
\text { Regular tax } & \$ 38,000 \
\text { Tentative minimum tax } & 28,000 \
\text { Dependent care credit } & 1,200 \
\text { Lifetime Learning credit } & 800 \
\text { General business credits } & 35,000
\end{array}$ How much general business credit will he apply to the current year tax liability?

Ivan Has Generated the Following Taxes and Credits This Year