Use the following data to calculate Chiara's 2014 AMT base. Chiara files as a single taxpayer. Taxable

Question:

Use the following data to calculate Chiara's 2014 AMT base. Chiara files as a single taxpayer.
Taxable income ................................ $148,000
Positive AMT adjustments ..................... 73,000
Negative AMT adjustments .................... 55,000
AMT preferences ................................ 30,000