William and Maria Smith are a married couple filing jointly. They have no children and report the
Question:
Taxable income ............................................................ $70,000
Tax preferences ............................................................ 20,000
AMT adjustments related to itemized deductions ..................... 15,000
Regular tax liability ........................................................ 9,608
a. What is the Smith's AMT liability?
b. What would be William's AMT liability if he were an unmarried taxpayer filing single with a regular tax liability of $13,429?
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Related Book For 
Federal Taxation 2014 Comprehensive
ISBN: 9780133438598
27th Edition
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
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