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Jaclyn, who files as a head of household, never paid AMT before 2023. In 2023, Jaclyns regular tax liability was $102,220 which included $39,900 capital
Jaclyn, who files as a head of household, never paid AMT before 2023. In 2023, Jaclyns regular tax liability was $102,220 which included $39,900 capital gain taxed at 20 percent, and AMTI in excess of the exemption amount was $422,500.
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Compute Jaclyns total income tax for 2023. Use Individual Tax Rate Schedules.
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