Miss Blixen's regular income tax is $77,390, and her tentative minimum tax is $74,100. Consequently, Miss Blixen's alternative minimum tax (AMT) is zero.

Question

Quizplus · Accepted Answer

If the tentative minimum tax is greater than the regular income tax, the difference is added to income to determine the alternative minimum tax (AMT). In this case, the tentative minimum tax is less than the regular income tax, so Miss Blixen's AMT is zero.

Miss Blixen's Regular Income Tax Is $77,390, and Her Tentative