[5] A single individual may have to pay alternative minimum tax if taxable income for regular tax purposes, plus any adjustments and preference items exceeds A. $25,000 B. $55,350 C. $T1,T00 D. $111,?00 2019 Gleim Publications Inc. F' Tax Computations 1 [E] Scott and Cindy Muir had alternative minimum taxable income of $970,000 in the current year and file a. joint return. For purposes of computing the alternative minimum tax, their exemption is A. 325.000 B. $55.350 C. $1.700 D. $111300