Prior to the effect of tax credits,Brent's regular income tax liability is $160,000 and his tentative AMT is $145,000.Brent has nonrefundable business tax credits of $31,000.Brent's tax liability is $129,000.

Question

Quizplus · Accepted Answer

We cannot determine the accuracy of the given statement as we are not given information as to how the nonrefundable business tax credits affect Brent's tax liability.

Prior to the Effect of Tax Credits,Brent's Regular Income Tax