In 2019, Brenda has calculated her regular tax liability to be $32,500 and her tentative minimum tax (TMT) to be $36,300.Additionally, Brenda holds an alternative minimum tax credit of $6,200 from 2015.
What is Brenda's total 2019 Federal income tax liability?
A)$26,300.
B)$30,100.
C)$32,500.
D)$36,300.

Question

Quizplus · Accepted Answer

Brenda's total 2019 Federal income tax liability is the higher of her regular tax liability or her tentative minimum tax (TMT). Since her TMT of $36,300 is higher than her regular tax liability of $32,500, her tax liability is $36,300. The alternative minimum tax credit from 2015 does not affect the calculation of her 2019 tax liability.

In 2019, Brenda Has Calculated Her Regular Tax Liability to Be