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4. Flint and Merissa are married and file a joint tas return claiming their three children, ages s, s and 12 as dependents Assuming their

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4. Flint and Merissa are married and file a joint tas return claiming their three children, ages s, s and 12 as dependents Assuming their AGI is s82,475, Flint and Merissa's child tax credit is a So b $2,000. . $4,000. d. $6,000. from her financial hes of houschold and age 40, provides you with the following information Regular income tax liability AMT positive adjustments AMT preferences Taxable income 5. Beula, who is a l records for 2018 $ 35,776 33,000 25,000 170,000 Calculate her AMTI for 2018. b. $174,050 C. $228,000 d. $232,050 6. Zhang is a salesman for a real estate developer. His employer permits him to purchase a lot for $55,000. The employer's adjusted basis for the lot is $35,000, and its normal selling price is $70,000. What is Zhang's recognized gain and his basis for the lot? a. Recognized gain 20,000; Basis 35,000 b. Recognized gain 15,000; Basis 35,000 c. Recognized gain 20,000; Basis 55,000 Recognized gain 15,000; Basis 70,000 d

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