In each of the following cases, compute AMT (if any) For all cases, assume that tax able income does not include any dividend income or capital gain a Mr and Mrs BHs taxable income on their joint return was $200,000, and their AMTI before exemption was $203,000 b Mr CKs taxable income on his single...

a b c Mr and Mrs BHs AMTI before exemption ...

In each of the following cases, compute AMT (if any). For all cases, assume that tax-able income

Question:

In each of the following cases, compute AMT (if any). For all cases, assume that tax-able income does not include any income or capital gain.
a. Mr. and Mrs. BH’s taxable income on their joint return was $200,000, and their AMTI before exemption was $203,000.
b. Mr. CK’s taxable income on his single return was $77,300, and his AMTI before exemption was $98,000.
c. Ms. W’s taxable income on her head of household return was $181,000, and her AMTI before exemption was $249,500. Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...