In year 1, Lazy Corporation reported a $500,000 net operating loss for regular tax purposes and a $450,000 net operating loss for alternative minimum tax purposes (called an alternative tax net operating loss). In year 2, Lazy reported $450,000 of taxable income before deducting its net operating loss carryover from year 1 (it elected to forgo the net operating loss carry back). It also reported $450,000 of alternative minimum taxable income before taking the alternative tax net operating loss carryover into account (it did not report any preference or adjustments in year 2). What is Lazy Corporation's year 2 tax liability? Assume Lazy did not have any MTC carryover from a prior year.