The Alpha-Beta affiliated group has consolidated taxable income of $400,000 and tentative general business credit of $80,000 in the current year. The maximum general business credit that can be used on the consolidated return is

$80000 will be used on consolidation return

Explanation:

The maximum general business credit that can be used on the consolidated return is $80,000 because it the greater of the following

A) Total tentative general business credit

B) 25% of amount of regular tax liability which will be less than $80,000

So out of 2 conditions A) is greater so $80,000 can be used on consolidated return

Thus, maximum $80000 will be used.

answer; ///i believe that the correct answer is (a) it is the means by which a person earns money;

i might look it up later.