Donna, an unmarried individual who is age 66, has taxable income of $300,000. She has AMT positive
Question:
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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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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