Ashby, who is single and age 30, provides you with the following information from his financial records
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Question:
Ashby, who is single and age 30, provides you with the following information from his financial records for 2014.
Regular income tax liability $ 47,228
AMT positive adjustments 40,000
AMT preferences 20,000
Taxable income 195,000
Calculate his AMT exemption for 2013.
a. $0
b. $17,000
c. $51,900
d. $52,800
e. None of these
Related Book For
Managerial Accounting
ISBN: 978-1118385388
2nd edition
Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle
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