19.

Drake and Davina are married and file a joint return for 2020 with taxable income of $100,000 and tax preferences and adjustments of $80,000 for AMT purposes. Their regular tax liability is $13,580. What is the amount of their total tax liability?

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Part 1

A.

$30,896

B.

$17,316

C.

$13,580

D.

$46,800

18. Nonrefundable tax credits

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Part 1

A.

only offset a taxpayer's tax liability in the current year.

B.

allow the excess over the taxpayer's tax liability to be paid to the taxpayer.

C.

can be carried back tone year and carried forward 15 years if they exceed tax liability in the current year.

D.

may only be used if the taxpayer is receiving a refund