Jacob is single with no dependents. During 2019, he has $48,000 of taxable income. He also has

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Jacob is single with no dependents. During 2019, he has $48,000 of taxable income. He also has $28,000 of positive AMT adjustments and $12,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate his AMTI.

a. $60,000.

b. $76,0000.

c. $88,000.

d. $100,200.

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Related Book For  answer-question

Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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