Question
Lina, a single taxpayer, has a regular tax liability of $11,190 on taxable income of $70,000. She also has tax preferences of $38,000 and positive
Lina, a single taxpayer, has a regular tax liability of $11,190 on taxable income of $70,000. She also has tax preferences of $38,000 and positive adjustments attributable to limitations on itemized deductions of $10,000. Lina's alternative minimum tax for 2020 is? Show work.
A) $0.
B) $536.
C) $11,726.
D) none of the above.
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An Environmental Audit Primer Student Guide
Authors: Velsoft Training Materials, Inc.
1st Edition
1774550393, 978-1774550397
