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Author Question: Lavonne has a regular tax liability of $13,271 on taxable income of $70,000. She also has tax ... (Read 22 times)

cartlidgeashley

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on: Sep 13, 2020

Question 1

Jake and Christina are married and file a joint return for 2016 with taxable income of $100,000 and tax preferences and adjustments of $20,000 for AMT purposes. Their regular tax liability is $16,533. What is the amount of their total tax liability?
◦ $7,121
◦ $9,412
◦ $16,533
◦ $25,945

Question 2

Lavonne has a regular tax liability of $13,271 on taxable income of $70,000.  She also has tax preferences of $25,000 and positive adjustments attributable to limitations on itemized deductions of $15,000. Lavonne is single and takes a $4,050 personal exemption for herself only.  Lavonne's alternative minimum tax for 2016 is
◦ $0.
◦ $2,368.
◦ $15,639.
◦ None of these.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by cartlidgeashley on Sep 13, 2020

verrinzo

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cartlidgeashley

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

gcook

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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