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1. Ashby, who is single and age 30, provides you with the following information from his financial records for 2017. Regular income tax liability $
1. Ashby, who is single and age 30, provides you with the following information from his financial records for 2017.
| Regular income tax liability | $ 47,228 |
| AMTI | 225,000 |
| Taxable income | 195,000 |
Calculate his AMT exemption for 2017.
a.$0
b.$26,075
c.$28,225
d.$54,300
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Financial Accounting For Management
Authors: Paresh Shah
2nd Edition
0198077033, 978-0198077039
