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Lynn , age 4 5 , is single and has no dependents. Her income and expenses for 2 0 2 1 are reported as follows.
Lynn age is single and has no dependents. Her income and expenses for are
reported as follows.
The $ business income is from Apex Office Supplies Company, a sole proprietorship
that Lynn owns and operates. Apex claimed MACRS depreciation of $ on personal
property used in the business and placed in service in the current year. Lynn received
interest of $ on City of Pensacola private activity bonds that were issued in
Based on the financial information presented above, compute Lynns AMT for Ignore
the onehalf deduction for selfemployment taxes for this problem.
Click here to access the Tax Rate Schedules. Click here to access exemption tables.
If an amount is zero, enter Round your intermediate computations and final
answers to nearest dollar. JUST GIVE ME GROSS INCOME
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