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Daniel has general business credits totaling $30,000 before limitation. His regular tax liability is $83,000 and his tentative minimum tax is $79,000. He has no
Daniel has general business credits totaling $30,000 before limitation. His regular tax liability is $83,000 and his tentative minimum tax is $79,000. He has no nonrefundable personal credits or foreign tax credits. What amount of general business credit can Daniel take this year?
$25,000
$30,000
$4,000
$14,500
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