Question
For all the following cases, assume that taxable income does not include any dividend Income or capital gain. Required: a. Compute AMT (if any)
For all the following cases, assume that taxable income does not include any dividend Income or capital gain. Required: a. Compute AMT (if any) If Mr. and Ms. Baker's, married filing jointly, reported taxable Income of $204,000 and AMTI before exemption of $206,600. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $180,540 and AMTI before exemption of $201,600. c. Compute AMT (if any) If Ms. Juma's, a single taxpayer, reported taxable income of $656,275 and AMTI before exemption of $795,800. Assume the taxable year is 2022. Use Individual Tax Rate Schedules Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $204,000 and AMTI before exemption of $206,600. Note: Enter "0" if taxpayer is not subject to AMT. AMT
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