Ms. Kilo's regular income tax before credits on her Form 1040 is $450,890, and she has a $5,700 minimum tax credit from a previous year. Which of the following statements is true?

Question

Quizplus · Accepted Answer

If Ms. Kilo's tentative minimum tax is $445,890, her total tax liability is the higher of her regular tax ($450,890) or her tentative minimum tax ($445,890), minus the minimum tax credit ($5,700), resulting in $445,890.

Ms Kilo's Regular Income Tax Before Credits on Her Form