Question: Problem 1 2 - 2 6 ( LO . 2 ) Adelyn has a tentative general business credit of ( $ 4 2

Problem 12-26(LO.2)
Adelyn has a tentative general business credit of \(\$ 42,000\) for the current year. Adelyn's net regular tax liability before the general business credit is \(\$ 107,000\), and her tentative minimum tax is \(\$ 88,000\).
Complete the statements below regarding Adelyn's limitation on the general business credit.
Adelyn's general business credit is limited to her net income tax reduced by the greater \(\checkmark \) of her tentative minimum tax or
\(\checkmark \%\) of the net regular tax liability that exceeds \$
Therefore, Adelyn's allowable general business credit for the year is \(\$ \)\(\mathbf{X}\).
Problem 1 2 - 2 6 ( LO . 2 ) Adelyn has a

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