Prior to the effect of the tax credits, Justin's regular income tax liability is $200,000 and his tentative AMT is $195,000.Justin has the following credits: Calculate Justin's tax liability after credits.
A)$190,000.
B)$194,000.
C)$195,000.
D)$200,000.
E)None of the above.

Question

Prior to the effect of the tax credits, Justin's regular income tax liability is $200,000 and his tentative AMT is $195,000.Justin has the following credits:  Calculate Justin's tax liability after credits.
A)$190,000. 
B)$194,000. 
C)$195,000. 
D)$200,000. 
E)None of the above.

Quizplus · Accepted Answer

The Answer of Prior to the effect of the tax credits, Justin's regular income tax liability is $200,000 and his tentative AMT is $195,000.Justin has the following credits:  Calculate Justin's tax liability after credits.
A)$190,000. 
B)$194,000. 
C)$195,000. 
D)$200,000. 
E)None of the above.

Prior to the Effect of the Tax Credits, Justin's Regular