tax liability
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 30P: Lisa records nonrefundable Federal income tax credits of 65,000 for the year. Her regular income tax...
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![Mini Problem 2
Wayne and Wanda are filing MFJ with a 4-year-old dependent child. Wayne worked full time and earned
$25,000. Wanda became a full-time student for the fall term (Aug thru Dec) and they have no other income.
Their principal place of abode was in the U.S. for the entire tax year. Their federal taxable income was $2,300
and their federal tax liability before any credits is $231. While Wanda was a student, they paid $3,000 for
childcare.
What is the amount of line 6 from their Form 24417
page
Select one:
a. $0
b. $231
Ⓒc. $375
O d. $625
Oe. None of these
4
Finish attempt...](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff3fc768c-08e8-48eb-8da7-075c3d0f5c11%2Fcb6b2ac6-fb7e-48de-a1fb-94759c794d35%2Fkxu06k4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Mini Problem 2
Wayne and Wanda are filing MFJ with a 4-year-old dependent child. Wayne worked full time and earned
$25,000. Wanda became a full-time student for the fall term (Aug thru Dec) and they have no other income.
Their principal place of abode was in the U.S. for the entire tax year. Their federal taxable income was $2,300
and their federal tax liability before any credits is $231. While Wanda was a student, they paid $3,000 for
childcare.
What is the amount of line 6 from their Form 24417
page
Select one:
a. $0
b. $231
Ⓒc. $375
O d. $625
Oe. None of these
4
Finish attempt...
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