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Diana is a single taxpayer with $ 5 4 0 , 0 0 0 of taxable income, which results in a regular tax liability of
Diana is a single taxpayer with $ of taxable income, which results in a regular tax liability of $ in Diana 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.
Read the requirements.
Requirement a Compute the amount of preference and adjustments it would take for Diana to have an AMT. Assume an AMT of $ Do not round intermediary calculations. Only round the amount you input in
each field to the nearest dollar.
Taxable income
Plus: Tax preferences and adjustments
Alternative minimum taxable income AMTI
Minus: AMT exemption amount
Alternative minimum tax base amount
Tentative minimum tax
Minus: Regular income tax liability
Alternative minimum tax AMT
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