Alternative tax on net capital gain

Reference no: EM13142481

Agnes is able to reduce her regular income tax liability from $40,000 to $36,000 as the result of the alternative tax on net capital gain. Agnes' tentative AMT is $50,000.

A) Agnes' tax liability is reduced by $4,000 as the result of the alternative tax calculation on net capital gain.

B) Agnes' AMT is increased by $4,000 as the result of the alternative tax calculation on net capital gain.

C) Agnes' tax liability is $46,000.

D) Agnes' tax liability is $54,000.

E) None of the above.

Reference no: EM13142481

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