Computation of Tax Credits. During the current year, Becky has personal credits (P) as well as…
Computation of Tax Credits. During the running year, Becky has peculiar credits (P) as well-behaved-behaved as occupation credits (B) cognate to her sole proprietorship. Her speculative tax credits for the running year understand the following :
Becky's established tax obligation antecedently credits is $4,000 . Her tenta tive alterna tive minimum tax is $0.
a. What is the quantity of legal peculiar tax credits?
b. What is the quantity of legal occupation tax credits?
c. What matter is accorded to the unused tax credits for the running year?