Question: Use the following data to calculate Chiaras 2015 AMT base. Chiara files as a single taxpayer and itemizes her deductions. Taxable income .......... $148,000 Positive

Use the following data to calculate Chiara’s 2015 AMT base. Chiara files as a single taxpayer and itemizes her deductions.

Taxable income ……………………………………………………………….......... $148,000

Positive AMT adjustments

(Does not include personal exemptions) …………………………………….. 73,000

Negative AMT adjustments ……………………………………………………... ....55,000

AMT preferences ………………………………………………………………............. 30,000

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