If a taxpayer has tentative AMT of $60,000 and AMT of $15,000,what is the regular income tax liability?
A)$0.
B)$15,000.
C)$45,000.
D)$75,000.
E)None of the above.

Question

Quizplus · Accepted Answer

The regular income tax liability is calculated by subtracting the AMT from the tentative AMT:

Regular income tax liability = Tentative AMT - AMT
Regular income tax liability = $60,000 - $15,000 
Regular income tax liability = $45,000

Therefore, the answer is (C) $45,000.

If a Taxpayer Has Tentative AMT of $60,000 and AMT