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For all the following cases, assume that taxable income does not include any dividend income or capital gain. Required: Compute AMT (if any) if Mr.
For all the following cases, assume that taxable income does not include any dividend income or capital gain. Required: Compute AMT (if any) if Mr. and Ms. Bakers, married filing jointly, reported taxable income of $212,000 and AMTI before exemption of $213,800. Compute AMT (if any) if Mr. Costas, single taxpayer, reported taxable income of $187,020 and AMTI before exemption of $208,800. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $667,475 and AMTI
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