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Celia and Amos, who are married filing jointly, have onedependent, and do not itemize deductions. They have regular taxable income (after deducting the standard deduction
Celia and Amos, who are married filing jointly, have onedependent, and do not itemize deductions. They have regular taxable income (after deducting the standard deduction and exemptions) of $82,000 and tax preferences of $53,000 in 2015.What istheirAMT base for 2015?NOTE: AMT stands for Alternative Minimum Tax; AMTI stands for Alternative Minimum Taxable Income
| $0 | ||
| $51,600 | ||
| $76,375 | ||
| $135,000 | ||
| None of the above. |
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
