What amount of AMT exemption may she deduct under each of the following alternative circumstances? Note:...

 

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What amount of AMT exemption may she deduct under each of the following alternative circumstances? Note: Leave no answer blank. Enter zero if applicable. Required: a. Her AMTI is $401,500. b. Her AMTI is $1,184,600. c. Her AMTI is $1,611,500. Filing Status Married filing jointly Married filing separately Head of household and single Exemption $118,100 59,050 75,900 Phase-Out Begins at This Level of AMTI $1,079,800 539,900 539,900 Phase-Out Complete for This Level of AMTI $1,552,200 776,100 843,500 What amount of AMT exemption may she deduct under each of the following alternative circumstances? Note: Leave no answer blank. Enter zero if applicable. Required: a. Her AMTI is $401,500. b. Her AMTI is $1,184,600. c. Her AMTI is $1,611,500. Filing Status Married filing jointly Married filing separately Head of household and single Exemption $118,100 59,050 75,900 Phase-Out Begins at This Level of AMTI $1,079,800 539,900 539,900 Phase-Out Complete for This Level of AMTI $1,552,200 776,100 843,500

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To answer this question well look at each circumstance a b c and determine the amount of Alternative ... View the full answer