After computing all tax preferences and AMT adjustments, Phillip and his wife Carmin have AMTI of $210,000.

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After computing all tax preferences and AMT adjustments, Phillip and his wife Carmin have AMTI of $210,000. If Phillip and Carmin file a joint tax return, what exemption amount can they claim for AMT for 2017?

a. $ 0.

b. $54,300.

c. $72,225.

d. $84,500.

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Fundamentals Of Taxation 2018

ISBN: 9781259713736

11th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Nov 20, 2018 04:58 AM

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After computing all tax preferences and AMT adjustments, Phillip and his wife Carmin have AMTI of $210,000.

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Fundamentals Of Taxation 2018

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