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The Alpha-Beta Affiliated Group Has a Consolidated Regular Tax Amount

Question 104

Multiple Choice

The Alpha-Beta affiliated group has a consolidated regular tax amount of $52,000 and a tentative minimum tax amount of $50,000 in the current year.The maximum general business credit that can be used on the consolidated return is


A) $2,000.
B) $6,750.
C) $50,000.
D) none of the above

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