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Kevin's regular tax is $15,000, his withholding is $10,000, and tentative minimum tax is $12,000. He has a balance due of $5,000. True or false?
Kevin's regular tax is $15,000, his withholding is $10,000, and tentative minimum tax is $12,000. He has a balance due of $5,000.
True or false?
I know 15,000-10,000 is 5,000, but how does tentative minimum tax affect it, if at all?
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