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

Question 42

Multiple Choice

Prior to the effect of the tax credits,Justin's regular income tax liability is $200,000 and his tentative minimum tax is $195,000.Justin reports 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

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