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Calculate AMTI, AMTB, TMT, and AMT using the facts below: John and single has taxable income of $185,000 2015 tax liability $44,7871 Credits $1,600 Itemized

Calculate AMTI, AMTB, TMT, and AMT using the facts below:

  1. John and single has taxable income of $185,000
  2. 2015 tax liability $44,7871
  3. Credits $1,600
  4. Itemized deduction positive $25,300
  5. Tax preferences $10,000

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