Mr. Toomey (a 45-year-old single taxpayer) exercised an ISO and purchased $380,000 worth of his employer's stock

Question:

Mr. Toomey (a 45-year-old single taxpayer) exercised an ISO and purchased $380,000 worth of his employer's stock for only $113,000. His only other income was his $158,500 salary, and he doesn't itemize deductions. Compute Mr. Toomey's income tax including any AMT.

Assume the taxable year is 2018.

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