Caroline and Clint are married, have no dependents, and file a joint return in 2014. Use the following selected data to calculate their Federal income tax liability.
$\begin{array}{l}
\text { AMTI }&\$285,000 \
\text { Regular income tax liability }&42,066 \
\text { AMT tax preferences }&90,000
\end{array}$

Question

Caroline and Clint are married, have no dependents, and file a joint return in 2014. Use the following selected data to calculate their Federal income tax liability.
 $\begin{array}{l}
\text { AMTI }&\$285,000 \
\text { Regular income tax liability }&42,066 \
\text { AMT tax preferences }&90,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Caroline and Clint are married, have no dependents, and file a joint return in 2014. Use the following selected data to calculate their Federal income tax liability.
 $\begin{array}{l}
\text { AMTI }&\$285,000 \
\text { Regular income tax liability }&42,066 \
\text { AMT tax preferences }&90,000
\end{array}$