Jacob is single with no dependents. During 2017, he has $48,000 of taxable income. He also has
Question:
Jacob is single with no dependents. During 2017, 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. $88,000.
b. $92,500.
c. $94,350.
d. $98,400.
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Related Book For 
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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