Molly has generated general business credits over the years that have not been utilized. The amounts generated and not utilized equal:

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Molly has generated general business credits over the years that have not been utilized. The amounts generated and not utilized follow:

year              unused business credits

2013                   $2,500

2014                   $7,500

2015                   $5,000

2016                   $4,000

In the current year, 2017, her business generates an additional $15,000 general business credit. In 2017, based on her tax liability before credits, she can utilize a general business credit of up to $20,000. After utilizing the carryforwards and the current year credits, how much of the general business credit generated in 2017 is available for future years?

Accumulated business credits up to 2016 = $2,500 + $7,500 + $5,000 + $4,000 = $19,000

Additional business credits generated during 2017 = $15,000

total business credits available at the end of 2017 = $34,000

if she can use $20,000 this year to reduce her tax liability, the ending balance of unused business credits that can be carried forward = $34,000 - $20,000 = $14,000

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101

a. money supply  

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