Question
Persephone has a regular tax liability of $12,775 and a tentative minimum tax of $11,530. Given just this information, what is her alternative minimum tax
Persephone has a regular tax liability of $12,775 and a tentative minimum tax of $11,530. Given just this information, what is her alternative minimum tax liability for the year?
Multiple Choice
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$0
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$11,530
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$1,245
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$12,775
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
