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Jun records nonrefundable Federal income tax credits of $77,700 for the year. Her regular tax liability before credits is $213,000, and her TMT is $182,800.
Jun records nonrefundable Federal income tax credits of $77,700 for the year. Her regular tax liability before credits is $213,000, and her TMT is $182,800. If an amount is zero, enter "0". a. Compute Jun's AMT. b. What is Jun's regular tax liability after credits? Nonrefundable personal credits be used to offset the entire amount of the taxpayer's regular tax liability. Therefore, Jun's regular tax liability after credits is \$
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