William and Maria Smith are a married couple filing jointly. They have no children and report the

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William and Maria Smith are a married couple filing jointly. They have no children and report the following items in 2022:

a. What is the Smith’s AMT liability?
b. What would be William’s AMT liability if he were an unmarried taxpayer filing single with a regular tax liability of $17,836?

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Pearsons Federal Taxation 2023 Comprehensive

ISBN: 9780137840656

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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Question Posted: Feb 15, 2023 06:05 AM

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William and Maria Smith are a married couple filing jointly. They have no children and report the

Question:

Taxable income Tax preferences AMT adjustments related to itemized deductions Regular tax liability $100,000 20,000 30,000 13,234

Step by Step Answer:

a b Taxable income Plus Tax preference items Plus AMT Adjust...View the full answer

Pearsons Federal Taxation 2023 Comprehensive

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