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Oak Corporation has the following general business credit carryovers 2014 2015 2016 2017 Total carryovers $16,250 48,750 17,250 52,750 $135,000 The general business credit generated
Oak Corporation has the following general business credit carryovers 2014 2015 2016 2017 Total carryovers $16,250 48,750 17,250 52,750 $135,000 The general business credit generated by activities during 2018 equals $108,000 and the total credit allowed during the current yea $195,000 (based on tax liability) a. Enter the amount (if any) of each year's carryover utilized in 2018 Amount of Carryover Utilized Year 2014 2015 2016 2017 2018 b. What is the amount of any unused credits carried forward to 2019
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