Donna, an unmarried individual who is age 66 , has taxable income of ($ 300,000). She has
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Donna, an unmarried individual who is age 66 , has taxable income of \(\$ 300,000\). She has AMT positive adjustment of \(\$ 68,000\) and tax preferences of \(\$ 40,000\).
a. What is Donna's AMT?
b. What is the total amount of Donna's tax liability?
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a To calculate Donnas AMT we need to add her AMT positive adjustments to her taxable in...View the full answer
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Related Book For
CCH Federal Taxation 2019 Comprehensive Topics
ISBN: 9780808049081
2019 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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