Answer:
the question is incomplete since its missing most of its content:
<em>Molly has generated general business credits over the years that have not been utilized. The amounts generated and not utilized follow:
</em>
<em>year unused business credits
</em>
<em>2013 $2,500
</em>
<em>
2014 $7,500
</em>
<em>2015 $5,000
</em>
<em>
2016 $4,000
</em>
<em> </em>
<em>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?</em>
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
