Answer:
$15,000
Explanation:
The general business credit is given by the taxpayer’s net income tax reduced by the greater of either The tentative minimum tax or 25 percent of net regular tax liability that exceeds $25,000
Tax payers net income tax = $190,000
Tentative minimum tax = $175,000
(25% × (185,000 - 25,000)) = $40,000
Therefore $175,000> $40,000
The credit = $190,000 - $175,000 =$15,000
