Persephone has a regular tax liability of $13,375 and a tentative minimum tax of $11,590. 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 ($11,590) is less than the regular tax liability ($13,375), the alternative minimum tax liability is $0.

Persephone Has a Regular Tax Liability of $13,375 and a Tentative