Question
Beulah, who is single and itemizes deductions, provides you with the following information from her financial records for 2018. Compute Beulah's AMTI. Regular income tax
Beulah, who is single and itemizes deductions, provides you with the following information from her financial records for 2018. Compute Beulah's AMTI.
| Regular income tax liability | $105,190 |
| AMT positive adjustments | 33,000 |
| AMT preferences | 75,000 |
| Taxable income | 370,000 |
a.$407,700
b.$490,000
c.$0
d.$368,600
e.$478,000
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Audit And Trace Log Management Consolidation And Analysis
Authors: Phillip Q. Maier, Bennett Rothke
1st Edition
0849327253, 978-0849327254
