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Persephone has a regular tax liability of $12,775 and a tentative minimum tax of $11,530....

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Question

Accounting

Persephone has a regular tax liability of $12,775 and a tentative minimum tax of $11,530. Given just this information, what is her alternative minimum tax liability for the year?

Multiple Choice

  • $0

  • $11,530

  • $1,245

  • $12,775

Answer & Explanation Solved by verified expert
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