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See attached problem 14-68 a. Compute the Webbs regular federal income tax liability for 2011, including selfemployment taxes. b. Are the Webbs subject to AMT

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See attached problem 14-68

a. Compute the Webbs regular federal income tax liability for 2011, including selfemployment taxes. b. Are the Webbs subject to AMT in 2011? c. Are the Webbs due a refund for 2011? d. Are the Webbs subject to any underpayment penalties for 2011?

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