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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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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9415882

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