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?

Name: 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?
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Question

Quizplus · Accepted Answer

Because Persephone's regular tax liability exceeds the tentative minimum tax, she does not owe any alternative minimum tax.

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