What is the general business credit allowed for the year assuming that a business has earned a general business credit of $40,000 and the tax liability before any general business credit is $37,000? Ignore any alternative minimum tax implications.

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The Answer of What is the general business credit allowed for the year assuming that a business has earned a general business credit of $40,000 and the tax liability before any general business credit is $37,000? Ignore any alternative minimum tax implications.

What Is the General Business Credit Allowed for the Year