Rodrigo and Raquel are married with 2 dependent children,age 18 and 20,and reported the following items on their 2016 tax return: 
Determine Rodrigo and Raquel's regular tax liability and,if applicable,the amount of their alternative minimum tax.
Definitions:
Credit Policies
Credit policies refer to the guidelines and standards set by a business regarding the extension of credit to customers, including terms, conditions, and criteria for creditworthiness.
Monthly Rate of Return
The percentage gain or loss on an investment over a one-month period.
Variable Cost
Expenses that change in proportion to the activity of a business.
Net Present Value
The calculation of the present value of an investment's expected earnings, minus the initial capital outlay.
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