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Ashby, who is single and age 30, provides you with the following information from his financial records for 2016. Regular income tax liability $ 47,228

Ashby, who is single and age 30, provides you with the following information from his financial records for 2016.

Regular income tax liability

$ 47,228

AMTI

225,000

Taxable income

195,000

Calculate his AMT exemption for 2016.

$17,000

$27,575

$53,900

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