Donna, an unmarried individual who is age 66, has taxable income of $300,000. She has AMT positive

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Donna, an unmarried individual who is age 66, has taxable income of $300,000. She has AMT positive adjustment of $68,000 and tax preferences of $40,000.

a. What is Donna's AMT?

b. What is the total amount of Donna's tax liability?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 03:04 AM

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Donna, an unmarried individual who is age 66, has taxable income of $300,000. She has AMT positive

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CCH Federal Taxation Basic Principles 2020

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