Problem $12-28($Algorithmic$)($LO$.2)$

Jun records nonrefundable Federal income tax credits of $$54,300$ for the year. Her regular tax liability before credits is $$213,000,$ and her TMT is $$161,200.$

If an amount is zero, enter $"0".$

a$.$ Compute Jun's AMT.

TMT

$

Regular tax liability

Excess of reqular tax over TMT liability $$

Jun's AMT

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b$.$ What is Jun's regular tax liability after credits?

Nonrefundable personal credits $$ can be used to offset the entire amount of the taxpayer's regular tax liability. Therefore, Jun's regular tax liability after credits is : $$

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