Problem regarding consolidated return

Assignment Help Accounting Basics

Reference no: EM13135697

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

Reference no: EM13135697

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