Karen is single and has taxable income of $102,500. She has no other dependants Karen has a regular tax liability of $21,150. In computing her regular taxable income, she utilized regular tax incentives that resulted in $56,000 of AMT adjustments excluding her personal exemption and standard deduction and $36,000 of AMT tax preference items. Determine Karen's tentative AMT liability Regular taxable income Plus: AMT adjusted taxable income Plus: Exemption $ 25% ($ AMTI base AMTI rate 26% entative AMT Regular tax SC Taxpayer xemption Phase out begins Amount $109,400 $70,300 $1,000,000 $500,000 Married nling jointly Single ndividuals