Question
9. Ericka, who is single and age 30, provides you with the following information from her financial records for 2014. Regular income tax liability $
9. Ericka, who is single and age 30, provides you with the following information from her financial records for 2014.
Regular income tax liability $ 57,315
AMT positive adjustments 51,000
AMT preferences 25,000
Taxable income 203,000
Calculate his AMT exemption for 2014.
a. $10,000.
b. $23,450.
c. $17,000.
d. $51,900.
e. None of the above.
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Auditing Concepts And Methods
Authors: McGraw-Hill
1st Edition
0074701266, 978-0074701263
