Persephone has a regular tax liability of $12,475 and a tentative minimum tax of$11,500. Given just this information, what is her alternative minimum tax liability for the year?

Question

Quizplus · Accepted Answer

The alternative minimum tax liability is the excess of the tentative minimum tax over the regular tax liability. Since the tentative minimum tax ($11,500) is less than the regular tax liability ($12,475), the alternative minimum tax liability is $0.

Persephone Has a Regular Tax Liability of $12,475 and a Tentative