In 2018, brenda has calculated her regular tax liability to be $32,500 and her tentative minimurm (tmt) to be $36,300. additionally, brenda holds an alternative minimum tax credit of $6,200 from 2014 what is brenda's total 2018 federal income tax liability?

a. $36,300.
b. $30,100.
c. $32,500.
d. $26,300.

a. $36,300

Explanation:

Since the regular tax liability is lower than the tentative minimum tax (TMT), we presume the tax liability to be equal to $36,300.

Now that we have calculated the Tax liability, which is the same as the tentative minimum tax (TMT) in this case, we can apply the minimum tax credit. (Note that the tax credits are subtracted once the tax liability is calculated).

Brenda is currently calculating the tax liability for the year 2018. So, we can assume that the tax credit of 2014 may have expired. Hence, Brenda will not be entitled to subtract the tax credit from his tax liability .  

Therefore,

Income tax liability =$36,300 - $0

Income tax liability = $36,300

The answer is a. $36,300

Explanation:

Since the TMT is greater the regular tax liability of $32,500, then Brenda will pay the regular tax and the amount in which the TMT is greater than the regular tax.

$36,300 - $32,500 = $3,800

Therefore Brenda's Total 2018 federal income tax liability will be calculated thus

Regular tax liability + The amount TMT exceed the regular tax

= $32,500 + $3,800

= $36,300

Therefore Breda's total 2018 federal income tax liability is $36,300

the answerr would be 1

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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