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I'm unsure if the 3rd picture will help you solve this problem. Thank You Jaclyn Biggs, who files as a head of household, never paid
I'm unsure if the 3rd picture will help you solve this problem. Thank You
Jaclyn Biggs, who files as a head of household, never paid AMT before 2021 . In 2021 , her regular tax liability was $102,220 which included $39,900 capital gain taxed at 20 percent, and her AMTI in excess of her exemption amount was $422,500. Required: Compute Jaclyn's total income tax for 2021. Use Individual Tax Rate Schedules. Answer is complete but not entirely correct. Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse Married Filing Separately Head of Household Single \begin{tabular}{lrcc} \hline Filing status & Exemption & AMTI Threshold & AMTI Maximum \\ \hline MFJ and SS & $114.600 & $1,047.200 & $1.505.600 \\ MFS & 57.300 & 523.600 & 752.800 \\ HH and S & 73,600 & 523.600 & 818.800 \\ \hline \end{tabular}Step by Step Solution
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