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What is Lisa regular income tax liability after credits

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Reference no: EM132669483

Problem - Lisa records nonrefundable Federal income tax credits of $65,000 for the year. Her regular income tax liability before credits is $190,000, and her TMT is $150,000.

Required -

a. What is Lisa's AMT?

b. What is Lisa's regular income tax liability after credits?

Reference no: EM132669483

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