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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
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 $217,000 and AMTI before exemption of $218,300. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $191,070 and AMTI before exemption of $213,300. c. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $674,475 and AMTI before exemption of $798,400. Assume the taxable year is 2022. Use Individual Tax Rate Schedules. Complete this question by entering your answers in the tabs below. Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $217,000 and AMTI before exemption of $218,300. Note: Enter "0" if taxpayer is not subject to AMT. 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 $217,000 and AMTI before exemption of $218,300. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $191,070 and AMTI before exemption of $213,300. c. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $674,475 and AMTI before exemption of $798,400. Assume the taxable year is 2022 . Use Individual Tax Rate Schedules. Complete this question by entering your answers in the tabs below. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $191,070 and AMTI before exemption of $213,300. Note: Round your intermediate calculations to the nearest whole dollar amount. Enter "0" if taxpayer is not subject to AMT. 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 $217,000 and AMTI before exemption of $218,300. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $191,070 and AMTI before exemption of $213,300. c. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $674,475 and AMTI before exemption of $798,400. Assume the taxable year is 2022. Use Individual Tax Rate Schedules. Complete this question by entering your answers in the tabs below. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $674,475 and AMTI before exemption of $798,400. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Enter "0" if taxpayer is not subject to AMT. Individual Tax Rate Schedules
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