After computing all tax preferences and AMT adjustments, Phillip and his wife Carmin have AMTI of $1,210,000.

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After computing all tax preferences and AMT adjustments, Phillip and his wife Carmin have AMTI of $1,210,000. If Phillip and Carmin file a joint tax return, what exemption amount can they claim for AMT for 2019?

a. $ 0.

b. $71,700.

c. $64,350.

d. $111,700.

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Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

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

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Question Posted: Dec 26, 2019 12:10 PM

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After computing all tax preferences and AMT adjustments, Phillip and his wife Carmin have AMTI of $1,210,000.

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Fundamentals Of Taxation 2020 Edition

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