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Ashby, who is single and age 30, provides you with the following information from his financial records for 2013. Regular income tax liability $ 47,228
Ashby, who is single and age 30, provides you with the following information from his financial records for 2013. Regular income tax liability $ 47,228 AMT positive adjustments 40,000 AMT preferences 20,000 Taxable income 195,000 Calculate his AMT exemption for 2013. Answer $0. $23,450. $17,000. $51,900. None of the above
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