Tamara and Tony Mapp, a married couple, report the following items for the year: Taxable income...

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Tamara and Tony Mapp, a married couple, report the following items for the year: Taxable income AMT adjustments Tax preferences Regular tax liability $136560 35160 38400 14794 What is their alternative minimum tax for the year? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] .11 Exemption Amounts for Alternative Minimum Tax. For taxable years beginning in 2023, the exemption amounts under § 55(d)(1) are: Joint Returns or Surviving Spouses $126,500 Unmarried Individuals (other than Surviving Spouses) $81,300 Married Individuals Filing Separate Returns Estates and Trusts $63,250 $28,400 For taxable years beginning in 2023, under § 55(b)(1), the excess taxable income above which the 28 percent tax rate applies is: Married Individuals Filing Separate Returns All Other Taxpayers $110,350 $220,700 For taxable years beginning in 2023, the amounts used under § 55(d)(2) to determine the phaseout of the exemption amounts are: Joint Returns or Surviving Spouses Threshold Phaseout amount Phaseout amount Complete $1,156,300 $1,662,300 Unmarried Individuals (other than Surviving Spouses) $578,150 $903,350 Married Individuals Filing Separate Returns $578,150 $831,150 Estates and Trusts $94,600 $208,200 Answer: 21741 × Tamara and Tony Mapp, a married couple, report the following items for the year: Taxable income AMT adjustments Tax preferences Regular tax liability $136560 35160 38400 14794 What is their alternative minimum tax for the year? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] .11 Exemption Amounts for Alternative Minimum Tax. For taxable years beginning in 2023, the exemption amounts under § 55(d)(1) are: Joint Returns or Surviving Spouses $126,500 Unmarried Individuals (other than Surviving Spouses) $81,300 Married Individuals Filing Separate Returns Estates and Trusts $63,250 $28,400 For taxable years beginning in 2023, under § 55(b)(1), the excess taxable income above which the 28 percent tax rate applies is: Married Individuals Filing Separate Returns All Other Taxpayers $110,350 $220,700 For taxable years beginning in 2023, the amounts used under § 55(d)(2) to determine the phaseout of the exemption amounts are: Joint Returns or Surviving Spouses Threshold Phaseout amount Phaseout amount Complete $1,156,300 $1,662,300 Unmarried Individuals (other than Surviving Spouses) $578,150 $903,350 Married Individuals Filing Separate Returns $578,150 $831,150 Estates and Trusts $94,600 $208,200 Answer: 21741 ×

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To calculate the alternative minimum tax AMT for Tamara and Tony Mapp we need to determine their alt... View the full answer