Prior to the effect of tax credits, Eunice's regular income tax liability is $325,000 and her tentative AMT is $312,000.Eunice has general business credits available of $20,000.Calculate Eunice's tax liability after tax credits.
A)$0.
B)$305,000.
C)$312,000.
D)$325,000.
E)None of the above.

Question

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The Answer of Prior to the effect of tax credits, Eunice's regular income tax liability is $325,000 and her tentative AMT is $312,000.Eunice has general business credits available of $20,000.Calculate Eunice's tax liability after tax credits.
A)$0.
B)$305,000.
C)$312,000.
D)$325,000.
E)None of the above.

Prior to the Effect of Tax Credits, Eunice's Regular Income