mike webb married to nancy webb is employed by a large pharmaceutical company and earns a salary in addit/

For 2012, Mike and Nancy’s AGI was $175,000 and their actual federal income tax liability was $29,000.
a. Compute the Webbs regular federal income tax liability for 2013, including selfemployment taxes.
b. Are the Webbs subject to AMT in 2013?
c. Are the Webbs due a refund for 2013?
d. Are the Webbs subject to any underpayment penalties for 2013?