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5) If the Regular Taxable Income of a married couple is $292,000, show whether their computation of Alternative minimum taxable income would be affected by
5) If the Regular Taxable Income of a married couple is $292,000, show whether their computation of Alternative minimum taxable income would be affected by any of the following charitable contributions $12,000, interest income of $850, property taxes of $8,100, Personal exemptions claimed of $24,000. Report whether these would be additions to or subtractions from their regular taxable income in computing AMTI.
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