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Deborah is a single taxpayer with $ 560 comma 000 of taxable income, which results in a regular tax liability of $ 170 comma 155
Deborah is a single taxpayer with $ 560 comma 000 of taxable income, which results in a regular tax liability of $ 170 comma 155 in 2022. Deborah is extremely cautious about being subject to alternative minimum tax (AMT) and wants to know how much AMT preferences or adjustments she can afford without being subject to AMT. View the AMT information.LOADING... Read the requirements.LOADING... Question content area bottom Part 1 Requirement a. Compute the amount of preference and adjustments it would take for Deborah to have an AMT. (Assume an AMT of $ 1. Do not round intermediary calculations. Only round the amount you input in each field to the nearest dollar.) Taxable income 560000 Plus: Tax preferences and adjustments Alternative minimum taxable income (AMTI) Minus: AMT exemption amount 75900 Alternative minimum tax base amount Tentative minimum tax 170156 Minus: Regular income tax liability 170155 Alternative minimum tax (AMT) $1
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