Leona holds 2013 nonrefundable tax credits of $65,000. None of these nonrefundable credits are personal credits that

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Leona holds 2013 nonrefundable tax credits of $65,000. None of these nonrefundable credits are personal credits that qualify for special treatment. Her regular income tax liability before credits is $190,000, and her tentative minimum tax is $150,000.
a. What is the amount of Leona's AMT?
b. What is the amount of Leona's regular income tax liability after credits?
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Related Book For  answer-question

South Western Federal Taxation 2014 Comprehensive Volume

ISBN: 9781285180922

37th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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