Rosalinda Guzmn applies for a College Access Tax Credit (CATC) reservation on October 31,2023. Her...

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Accounting

Rosalinda Guzmn applies for a College Access Tax Credit (CATC) reservation on October 31,2023. Her proposed contribution is $10,000. The California Educational Facilities Authority (CEFA) grants a $5,000 credit reservation on November 7. Rosalinda makes a $10,000 contribution to the fund on November 22,2023. CEFA sends the credit certification to Rosalinda on December 1. Rosalinda may claim a College Access Tax Credit for what amount on her California tax return?
A. $0B. $4,000C. $5,000D. $10,000

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