Mr.and Mrs.King's regular tax liability on their joint return was $479,580.Which of the following statements is true?
A) If the Kings' tentative minimum tax is $462,220,their total tax liability is $462,220.
B) If the Kings' tentative minimum tax is $462,220,their total tax liability is $479,580.
C) If the Kings' tentative minimum tax is $492,350; their total tax liability is $492,350.
D) Both B and C are true.
Correct Answer:
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