William is not married, nor does he have any dependents. He does not itemize deductions. His taxable
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William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2019 was $87,000 and his regular tax was $15,061. His AMT adjustments totaled $125,000. What is William’s AMT for 2019?
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Taxable Income 87000 Standard Deduction 12200 Adjustment 125000 AMTI 224200 Exemption 71700 AMT ...View the full answer
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Related Book For
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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