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J is single and had AGI of $100,000. He claimed the standard deduction for 2020, leaving taxable income of $87,600. J had income from incentive
J is single and had AGI of $100,000. He claimed the standard deduction for 2020, leaving taxable income of $87,600. J had income from incentive stock options of $50,000 for the year. The incentive stock option income is not recognized in 2020 for regular tax purposes. Ignoring the regular tax liability, calculate the alternative tax liability based on this information.
J is single and had AGI of $100,000. He claimed the standard deduction for 2020, leaving taxable income of $87,600. J had income from incentive stock options of $50,000 for the year. The incentive stock option income is not recognized in 2020 for regular tax purposes. Ignoring the regular tax liability, calculate the alternative tax liability based on this information.
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