Determine the amount of carlsons general business credit

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Reference no: EM133922142

Problem

Carlson's (a sole proprietor) general business credit for the current year is $84,000. His net income tax is $190,000, tentative minimum tax is $175,000, and net regular tax liability is $185,000. He has no other tax credits. Get the instant assignment help. Determine the amount of Carlson's general business credit for the year.

Reference no: EM133922142

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