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Niko Takada reported several tax preference items in taxable income in 2022. The normal federal tax in 2022 was $35,000 and the alternative minimum tax
Niko Takada reported several tax preference items in taxable income in 2022. The normal federal tax in 2022 was $35,000 and the alternative minimum tax (AMT) was $52,000. Niko's tax liability for 2022 was:
Question options:
A | $17,000 |
B | $87,000 |
C | $52,000 |
D | $35,000 |
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