Determine the tax due, including the alternative minimum tax, for Sally Jenkins, assuming she is single using the following tax information : TAX YEAR 2020
Determine the tax due, including the alternative minimum tax, for Sally Jenkins, assuming she is single using the following tax information : TAX YEAR 2020
- Adjusted Gross Income= $100,000
-Itemized Deductions= 20,000
-Alternative Minimum Tax Itemized Deductions= 12,000
- Tax Preference items = 40,000
-General Business Credit = 17,000
*please include notes/formulas on how to get to the answer so I can take good notes.*
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Authors: Bhabatosh Banerjee
13th Edition
9788120349087
