Solved: What is the amount of the total tax liability, Accounting Basics

What is the amount of the total tax liability

Problem: Jake and Christina are married and file a joint return for the current year with taxable income of $100,000 and tax preferences and adjustments of $20,000 for AMT purposes. Their regular tax liability is $15,750. What is the amount of their total tax liability?

A. $2,997
B. $11,843
C. $15,750
D. $28,503

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Accounting Basics: What is the amount of the total tax liability

Reference No:- TGS01918592

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