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Persephone has a regular tax liability of $12,475 and a tentative minimum tax of $11,500. Given just this information, what is her alternative minimum tax liability for the year?$0$11,500$975$12,475

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beritop1089

Answer:

$0

Explanation:

Persephone's regular tax liability of $12,475 exceeds the tentative minimum tax of $11,500. Therefore, she does not owe an alternative minimum tax liability hence the answer becomes $0.

Side note: If it were otherwise(tentative minimum > regular tax liability), she would have owed the difference between the two tax liability amounts.

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