VitalJuice Corporation reports the following schedule of prior year taxes it owed: $$\begin{array} { | l | l | l | }
\hline \text { Year } & \begin{array} { l }
\text { Regular tax } \
\text { liability }
\end{array} & \begin{array} { l }
\text { Tentative minimum } \
\text { tax }
\end{array} \
\hline \text { Year 1 } & \$ 750,000 & \$ 700,000 \
\hline \text { Year 2 } & \$ 800,000 & \$ 900,000 \
\hline \text { Year 3 } & \$ 850,000 & \$ 900,000 \
\hline \text { Year 4 } & \$ 900,000 & \$ 700,000 \
\hline
\end{array}$$ What is VitalJuice's tax liability for Year 4?

Question

VitalJuice Corporation reports the following schedule of prior year taxes it owed: $$\begin{array} { | l | l | l | } 
\hline \text { Year } & \begin{array} { l } 
\text { Regular tax } \
\text { liability }
\end{array} & \begin{array} { l } 
\text { Tentative minimum } \
\text { tax }
\end{array} \
\hline \text { Year 1 } & \$ 750,000 & \$ 700,000 \
\hline \text { Year 2 } & \$ 800,000 & \$ 900,000 \
\hline \text { Year 3 } & \$ 850,000 & \$ 900,000 \
\hline \text { Year 4 } & \$ 900,000 & \$ 700,000 \
\hline
\end{array}$$ What is VitalJuice's tax liability for Year 4?

Quizplus · Accepted Answer

The Answer of VitalJuice Corporation reports the following schedule of prior year taxes it owed: $$\begin{array} { | l | l | l | } 
\hline \text { Year } & \begin{array} { l } 
\text { Regular tax } \
\text { liability }
\end{array} & \begin{array} { l } 
\text { Tentative minimum } \
\text { tax }
\end{array} \
\hline \text { Year 1 } & \$ 750,000 & \$ 700,000 \
\hline \text { Year 2 } & \$ 800,000 & \$ 900,000 \
\hline \text { Year 3 } & \$ 850,000 & \$ 900,000 \
\hline \text { Year 4 } & \$ 900,000 & \$ 700,000 \
\hline
\end{array}$$ What is VitalJuice's tax liability for Year 4?

VitalJuice Corporation Reports the Following Schedule of Prior Year Taxes