Molly has generated general business credits over the years that have not been utilized.The amounts generated and not utilized follow: In the current year,2014,her business generates an additional $15,000 general business credit.In 2014,based on her tax liability before credits,she can utilize a general business credit of up to $20,000.After utilizing the carryforwards and the current year credits,how much of the general business credit generated in 2014 is available for future years?
A) $0.
B) $1,000.
C) $14,000.
D) $15,000.
E) None of these.
Correct Answer:
Verified
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