Multiple Choice
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:
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.
Correct Answer:

Verified
Correct Answer:
Verified
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