Allan has a tentative general business credit of $220,000 for the current year.His net regular tax liability before the general business credit is $250,000,and his tentative minimum tax is $200,000.Compute Allan's allowable general business credit for the year.

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The Answer of Allan has a tentative general business credit of $220,000 for the current year.His net regular tax liability before the general business credit is $250,000,and his tentative minimum tax is $200,000.Compute Allan's allowable general business credit for the year.

Allan Has a Tentative General Business Credit of $220,000 for the Current