Tax Drill - General Business Credit Carlson's general business credit for the current year is $84,000. His net income tax is $190,000, tentative minimum tax is $175,000, and net regular tax liability is $185,000. He has no other Federal income tax credits. Carlson's general business credit allowed for the tax year is $

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A: SUTA Tax is a state unemployment tax which is imposed by employer on the employee.

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A: Determine the taxable income.

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A: a.

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A: As per IRS the total amount paid for office supplies  is deductible.

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A: Gross income is the amount of money that represents the earnings of a person.

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A: Gross income is the total amount of payments received to an employee in the form of salaries and…

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