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Beatrice's AMT

Beatrice's regular income tax liability is $170,000 and her tentative AMT is $240,000. Beatrice's AMT is:

a. $0.

b. $70,000.

c. $240,000.

d. $410,000.

e. None of the above.

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This solution is comprised of a detailed explanation to answer Beatrice's AMT.

$2.19