Brian and Jennifer are a married couple who believe they may be subject to the AMT this
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Brian and Jennifer are a married couple who believe they may be subject to the AMT this year. Currently, they calculate their alternative minimum taxable income (AMTI) to be $900,000.
a. What is their AMT exemption amount?
b. They are considering an opportunity that would allow them to earn additional income this year. As a result of this additional income, they believe that their AMTI will increase by $200,000. What will their AMT exemption be if they recognize the additional income?
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Related Book For
Federal Taxation 2019 Comprehensive
ISBN: 9780134833194
32nd Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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