Multiple Choice
Lavonne has a regular tax liability of $13,239 on taxable income of $70,000.She also has tax preferences of $25,000 and positive adjustments attributable to limitations on itemized deductions of $15,000.Lavonne is single and takes a $4,050 personal exemption for herself only.Lavonne's alternative minimum tax for 2017 is
A) $0.
B) $2,296.
C) $15,535.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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