Layla Earned $20,000 of General Business Credits from Her Sole

Question 90
Multiple Choice

Layla earned $20,000 of general business credits from her sole proprietorship.Her regular tax liability is $45,000,and her tentative minimum tax is $49,000.During the current year Layla will apply general business credits of A)$0. B)$4,000. C)$20,000. D)$45,000.