Sunny Vale Co. reported the following for the current tax year: $$\begin{array} { l r }
\text { Regular taxable income } & \$ 105,000 \
\text { AMTI in excess of exemption } & 116,250
\end{array}$$ Compute Sunny Vale's total income tax liability.

Question

Sunny Vale Co. reported the following for the current tax year: $$\begin{array} { l r } 
\text { Regular taxable income } & \$ 105,000 \
\text { AMTI in excess of exemption } & 116,250
\end{array}$$ Compute Sunny Vale's total income tax liability.

Quizplus · Accepted Answer

The Answer of Sunny Vale Co. reported the following for the current tax year: $$\begin{array} { l r } 
\text { Regular taxable income } & \$ 105,000 \
\text { AMTI in excess of exemption } & 116,250
\end{array}$$ Compute Sunny Vale's total income tax liability.

Sunny Vale Co Regular taxable income $105,000 AMTI in excess of exemption 116,250\begin{array} { l r } \text { Regular taxable income } & \$ 105,000 \\\text { AMTI in excess of exemption } & 116,250\end{array} Regular taxable income AMTI in excess of exemption ​$105,000116,250​

Sunny Vale Co $\begin{array} { l r } \text { Regular taxable income } & \$ 105,000 \\\text { AMTI in excess of exemption } & 116,250\end{array}$