Lisa holds 2014 nonrefundable tax credits of $65,000. Her regular income tax liability before credits is $190,000,

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Lisa holds 2014 nonrefundable tax credits of $65,000. Her regular income tax liability before credits is $190,000, and her tentative minimum tax is $150,000.
a. What is the amount of Lisa's AMT?
b. What is the amount of Lisa's regular income tax liability after credits?
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Related Book For  answer-question

South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

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

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