Jake and Christina are married and file a joint return for 2014 with taxable income of $100,000 and tax preferences and adjustments of $20,000 for AMT purposes.Their regular tax liability is $16,713.What is the amount of their total tax liability?
A)$6,859
B)$9,854
C)$16,713
D)$26,567

Question

Quizplus · Accepted Answer

The total tax liability is the greater of the regular tax liability or the AMT liability. Since the regular tax liability is $16,713 and there is no indication that the AMT liability exceeds this amount, the total tax liability remains $16,713.

Jake and Christina Are Married and File a Joint Return