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2019***** ppl keep answering with 2018 Exercise 12-19 (LO. 2) Compute the 2019 AMT exemption for the following taxpayers. If an amount is zero, enter
2019***** ppl keep answering with 2018
Exercise 12-19 (LO. 2) Compute the 2019 AMT exemption for the following taxpayers. If an amount is zero, enter "O". Click here to access the exemption table. a. Bristol, who is single, reports AMTI of $650,000. Her AMT exemption is s x . b. Marley and Naila are married and file a joint tax return. Their AMTI is $1,528,000. Their AMT exemption is $ Status Married, joint Single or head of household Married, separate Exemption $111,700 71,700 55,850 Phaseout Begins at Ends at $1,020,600 $1,467,400 510,300 797,100 5 10,300 733,700Step by Step Solution
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