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

question 42

Multiple Choice

Prior to the effect of the tax credits,Justin's regular income tax liability is $200,000 and his tentative minimum tax is $195,000.Justin reports the following credits. Child tax credit $1,000 Adoption expenses credit 5,000 ​ Calculate Justin's tax liability after credits.

• A)$190,000
• B)$194,000
• C)$195,000
• D)$200,000
• E)None of the above

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