Question
Use the following data to calculate Chiara's AMT base in 2016: Taxable income .........................................$148,000 Positive AMT adjustments.............................73,000 Negative AMT adjustments...........................55,000 Preferences..................................................30,000 Chiara will file as
Use the following data to calculate Chiara's AMT base in 2016:
Taxable income .........................................$148,000
Positive AMT adjustments.............................73,000
Negative AMT adjustments...........................55,000
Preferences..................................................30,000
Chiara will file as a single taxpayer and chooses to itemize her deductions. The personal/dependency exemption amount is $4,050.
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Calculation of AMT Base 2016 of Chiara Particulars Amount Taxable Income 148000 Positive AMT ...
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South-Western Federal Taxation 2019 Essentials Of Taxation Individuals And Business Entities
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
22nd Edition
133770296X, 133770377X, 9781337703772, 978-1337702966
