Question: Max , who is single and age 30 , provides you with the following information from his financial records for 2022 . Regular income tax
Max , who is single and age 30 , provides you with the following information from his financial records for 2022 . Regular income tax liability $ 77,003 AMTI 545,000 Taxable income 295,000 Calculate his AMT exemption for 2022 .
a .$0
b. $12,275
C.$74,625
d. $75,900
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