Harmony reports a regular tax liability of $16,200 and tentative minimum tax of $18,320. 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 tentative minimum tax over the regular tax liability. 
Alternative minimum tax liability = tentative minimum tax - regular tax liability 
= $18,320 - $16,200 
= $2,120 
Therefore, the correct answer is B.

Harmony Reports a Regular Tax Liability of $16,200 and Tentative