Lisa holds nonrefundable Federal income tax credits of $65,000. Her regular income tax liability before credits is
Question:
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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a Lisas AMT is 0 TMT 150000 Less Regular income tax liability 190000 Equals Excess of TMT over r...View the full answer
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Related Book For 
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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