Question
Jacob is single with no dependents. During 2013, Jacob has $110,000 of taxable income. He has $38,000 of positive AMT adjustments and $22,000 of tax
Jacob is single with no dependents. During 2013, Jacob has $110,000 of taxable income. He has $38,000 of positive AMT adjustments and $22,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate Jacob's AMTI.
- A. $110,000
- B. $173,900
- C. $176,100
- D. $180,000
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Cost-Benefit Analysis Concepts and Practice
Authors: Anthony E. Boardman, David H. Greenberg, Aidan R. Vining, David L. Weimer
5th edition
1108401295, 9781108415996, 1108415997, 978-1108401296
