-In computing AMTI, tax preference items are

A) excluded.

B) added only.

C) subtracted only.

D) either added or subtracted.

-In 2018, Yakov and Avigail have alternative minimum taxable income of $125,000 and file a joint return. For purposes of computing the alternative minimum tax, their exemption is

A) $0.

B) $70,300.

C) $84,500.

D) $109,400.

-Demetrio and Tameka are married, file a joint return, and have two children, ages 9 and 11. Their combined AGI is $65,000. Demetrio's earned income is $40,000; Tameka's is $25,000. They incur $6,500 of child care expenses to enable them to be employed during the current year. Their child and dependent care credit is

A) $1,200.

B) $1,300.

C) $1,800.

D) $6,000.

-A wage cap does not exist for which of the following self-employment taxes?

A) Social Security tax

B) FICA

C) FUTA

D) Medicare hospital insurance