Jacob is single with no dependents. During 2021, he has $48,000 of taxable income. He also has
Question:
Jacob is single with no dependents. During 2021, 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. $60,000.
b. $76,0000.
c. $88,000.
d. $100,550.
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Related Book For 
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
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