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If your tentative alternative minimum tax for 2020 was $10,000 and your regular tax liability was $9,000. What would be the amount of your total
If your tentative alternative minimum tax for 2020 was $10,000 and your regular tax liability was $9,000. What would be the amount of your total tax due? ____________
How much regular tax would you be paying? __________
How much AMT would you be paying?_________
Cali is single and in 2020, he reported $600,000 of taxable income, including a long-term capital gain of $10,000. What is his gross tax liability, rounded to the nearest whole dollar amount (use the tax rate schedules)?
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