William is not married, nor does he have any dependents. He does not itemize deductions. His taxable
Question:
William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2018 was $87,000 and his regular tax was $15,176. His AMT adjustments totaled $125,000. What is William’s AMT for 2018?
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Taxable Income 87000 Standard Deduction 12000 Adjustment 125000 AMTI 224000 Exemption 70300 AMT Bas...View the full answer
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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