Question: In March 2016, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2013. Serengeti acquired 5,000 shares of Thunder

In March 2016, Serengeti exercised an ISO that had been granted by his employer, Thunder Corporation, in December 2013. Serengeti acquired 5,000 shares of Thunder stock with a strike price of $65 per share. The fair market value of the stock at the date of exercise was $90 per share. Determine Serengeti's AMT adjustment related to these events:
a. For 2013.
b. For 2016.

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