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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 $214,000 and AMTI before exemption of $215,600.
Compute AMT (if any) if Mr. Costas, single taxpayer, reported taxable income of $188,640 and AMTI before exemption of $210,600.
Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $670,275 and AMTI before exemption of $797,800.
taxable year is 2022
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