Harmony reports a regular tax liability of $15,000 and tentative minimum tax of $17,000. Given just this information, what is her alternative minimum tax liability for the year?

Question

Quizplus · Accepted Answer

Harmony's alternative minimum tax liability is the difference between her tentative minimum tax and her regular tax liability, which is $2,000 ($17,000 - $15,000). Therefore, the answer is B, $2,000.

Harmony Reports a Regular Tax Liability of $15,000 and Tentative