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Lebron and Beyonce Jones 2019 taxable income is $125.000 with tax liability of $19,580. The couple took the standard deduction in arriving at regular taxable
Lebron and Beyonce Jones 2019 taxable income is $125.000 with tax liability of $19,580. The couple took the standard deduction in arriving at regular taxable income. This year they generated tax preferences of $25,000, and positive adjustments attributable to the exercise of incentive stock options of $35,000. What is Lebron and Beyonce Jones' alternative minimum tax for 2019? (24 x 25 = 6)
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