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Ashby, who is single and age 30, provides you with the following information from his financial records for 2018. Regular income tax liability $78,940 AMTI

Ashby, who is single and age 30, provides you with the following information from his financial records for 2018.

Regular income tax liability

$78,940

AMTI

525,000

Taxable income

295,000

Calculate his AMT exemption for 2018:

$0
$6,250
$64,050
$70,300

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