Oak Corporation has the following general business credit carryovers: 2016 $2,750 2017 8,250 2018 3,750 2019 12,250 Total carryovers $27,000 The general business credit generated by activities during 2020 equals $21,600 and the total credit allowed during the current year is $33,000 (based on tax liability). a.   Enter the amount (if any) of each year's carryover utilized in 2020. Year Amount of Carryover Utilized 2016 $_________ 2017 $_________ 2018 $_________ 2019 $_________ 2020 $_________ b.   What is the amount of any unused credits carried forward to 2021? $______

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Q: PHILIPPINES -

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