David, an unmarried taxpayer filing single with no dependents, has AGI of $690,000 and reports the following items in 2019: (Click the icon to view the items reported in 2019.) (Click the icon to view the 2019 AMT exemption amounts.) Requirement What is David's AMT liability for 2019? Begin by computing David's alternative minimum tax base amount for 2019. (Do not round intermediary calculations, only round the amounts you enter into the input cell to the nearest whole Plus: Alternative minimum taxable income (AMTI) Minus: Alternative minimum tax base amount i Data Table Taxable income Tax preferences AMT adjustments related to itemized deductions Regular tax liability Print Done 580,000 44,000 41,000 179,588 Alternative Minimum Tax - 2019 If AMTI minus the exemption amount is: Over- But Not Over- The Tax Is: 194,800 * 0 $ 194,800 * 50,648 * + *$97,400 and $25,324 for married taxpayers filing separately. 26% 28% Of the Amount Over- AMT exemption and phase-out amounts: Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing joint returns and surviving spouses Married individuals filing separate returns 0 194,800 2019 Basic 2019 Phaseout Exemption 71,700 $ 111,700 55,850 Threshold 510,300 1,020,600 510,300