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Caroline and Clint Are Married, Have No Dependents, and File

Question 52

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Caroline and Clint are married, have no dependents, and file a joint return in 2019.Use the following information to calculate their Federal income tax liability.
 AMTI $985,000 Regular income tax liability 121,129 AMT preferences 190,000\begin{array} { l r } \text { AMTI } & \$ 985,000 \\\text { Regular income tax liability } & 121,129 \\\text { AMT preferences } & 190,000\end{array}

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