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



2016 $2,500

2017 7,500

2018 5,000

2019 4,000



In the current year, 2020, her business generates an additional $15,000 general business credit. In 2020, 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 2020 is available for future years?

Answer rating: 100% (QA)

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