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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:
- John and single has taxable income of $185,000
- 2015 tax liability $44,7871
- Credits $1,600
- Itemized deduction positive $25,300
- Tax preferences $10,000
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