Question
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 Mrs. Bakers taxable income on their joint return was $207,000, and their AMTI before exemption was $209,300. Compute AMT (if any) if Mr. Costas taxable income on his single return was $182,970, and his AMTI before exemption was $204,300. Compute AMT (if any) if Ms. Whites taxable income on her single return was $660,475, and her AMTI before exemption was $796,400.
Compute AMT (if any) if Mr. and Mrs. Bakers taxable income on their joint return was $207,000, and their AMTI before exemption was $209,300.
Compute AMT (if any) if Mr. Costas taxable income on his single return was $182,970, and his AMTI before exemption was $204,300.
Compute AMT (if any) if Ms. Whites taxable income on her single return was $660,475, and her AMTI before exemption was $796,400.
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