LO.2 Leona has nonrefundable credits of $70,000 for 2012. None of these nonrefundable credits are personal credits
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LO.2 Leona has nonrefundable credits of $70,000 for 2012. None of these nonrefundable credits are personal credits that qualify for special treatment. Her regular income tax liability before credits is $145,000, and her tentative AMT is $98,000.
a. What is the amount of Leona’s AMT?
b. What is the amount of Leona’s regular income tax liability after credits?
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Related Book For 
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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