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Lavonne Has a Regular Tax Liability of $13,356 on Taxable

Question 26

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Lavonne has a regular tax liability of $13,356 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 $3,950 personal exemption for herself only. Lavonne's alternative minimum tax for 2014 is


A) $0.
B) $2,543.
C) $16,271.
D) none of the above.

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