In year 1, GSL Corp,'s alternative minimum tax base was $2,000,000 and its regular tax liability is $350,000.

a. What is GSL's total tax liability for years 1,2,3 and 4 (by year) assuming the following

Year 2: AMT base $600,000: Regular Tax liability $100,000

Year 3: AMT base $500,000: Regular tax liability $160,000

Year 4: AMT base $1,000,000: Regular tax liability $150,000

Total Tax Liability

Year 1

Year 2

Year 3

Year 4