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Arlene, who is single, has taxable income for 2015 of $112,000. Calculate her alternative minimum tax, if any, given the following additional information. (Ch.12) AMT
Arlene, who is single, has taxable income for 2015 of $112,000. Calculate her alternative minimum tax, if any, given the following additional information. (Ch.12)
AMT adjustments |
|
Positive | $22,000 |
Negative | (25,000) |
Tax preferences | 46,000 |
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