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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 78 times)

cartlidgeashley

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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.


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Marked as best answer by cartlidgeashley on Sep 13, 2020

verrinzo

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cartlidgeashley

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Reply 2 on: Sep 13, 2020
Gracias!


tranoy

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Reply 3 on: Yesterday
Excellent

 

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