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11) Lavonne has a regular tax liability of $13,294 on taxable income of $70,000. She also has tax preferences of $25,000 and positive adjustments attributable
11) Lavonne has a regular tax liability of $13,294 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 $4,000 personal exemption for herself only. Lavonne's alternative minimum tax for 2015 is? Please provide calculations so I can better check my work.
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