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

question 52

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Prior to the effect of the tax credits,Justin's regular income tax liability is $200,000 and his tentative AMT is $195,000.Justin has the following credits: Prior to the effect of the tax credits,Justin's regular income tax liability is $200,000 and his tentative AMT is $195,000.Justin has the following credits:   Calculate Justin's tax liability after credits. A)  $190,000. B)  $194,000. C)  $195,000. D)  $200,000. E)  None of the above. Calculate Justin's tax liability after credits.


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