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Unformatted text preview: Part 2 : Falcon Corporation’s general business credit for the current year is $85,000. Falcon’s net regular tax liability is $107,000, and its tentative minimum tax is $88,000. Required : Compute Falcon’s general business credit for the current tax year....
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This note was uploaded on 09/09/2011 for the course TAX 6845 taught by Professor Kelliher,c during the Fall '08 term at University of Central Florida.
- Fall '08