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Explain answer and use updated tax rules for 2023 please 54. Zap Industries had a tentative general business credit in 2023 of $60,000. Its tax

Explain answer and use updated tax rules for 2023 please
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54. Zap Industries had a tentative general business credit in 2023 of $60,000. Its tax liability in 2022 was $20,000. Its tax liability before the general business credit in 2023 is $50,000. a. What is Zap Industries' 2023 tax liability? b. Are there any effects on the tax liabilities of the previous year? c. If so, what are they

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