Question
Jacob is single with no dependents. During 2016, he has $48,000 of taxable income. He also has $28,000 of positive AMT adjustments and $12,000 of
Jacob is single with no dependents. During 2016, he has $48,000 of taxable income. He also has $28,000 of positive AMT adjustments and $12,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate his AMTI.
a..$94,300.
b..$91,950.
c..$88,000.
d..$98,350.
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Financial Accounting A Global Perspective
Authors: Rod Monger
1st Edition
0470518405, 978-0470518403
