I:14-40 AMT Computation. William and Maria Smith are a married couple filing jointly. They have no children

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I:14-40 AMT Computation. William and Maria Smith are a married couple filing jointly. They have no children and report the following items in 2022:

Taxable income $100,000 Tax preferences 20,000 AMT adjustments related to itemized deductions 30,000 Regular tax liability 13,234

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 $17,836?

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Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023

ISBN: 9780137730391

36th Edition

Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna

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Question Posted: Jul 19, 2024 08:01 PM

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I:14-40 AMT Computation. William and Maria Smith are a married couple filing jointly. They have no children

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Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023

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