Lisa holds 2015 nonrefundable Federal income tax credits of $65,000. Her regular income tax liability before credits

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Lisa holds 2015 nonrefundable Federal income tax credits of $65,000. Her regular income tax liability before credits is $190,000, and her tentative minimum tax is $150,000.

a. What is the amount of Lisa's AMT?

b. What is the amount of Lisa's regular income tax liability after credits?

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South Western Federal Taxation 2016 Comprehensive

ISBN: 9781305395114

39th Edition

Authors: James H. Boyd, William H. Jr. Hoffman, David M. Maloney, William A. Raabe, James C. Young

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Question Posted: Mar 31, 2017 02:48 PM

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Lisa holds 2015 nonrefundable Federal income tax credits of $65,000. Her regular income tax liability before credits

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South Western Federal Taxation 2016 Comprehensive

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