Meg, who is single and age 36, provides you with the following information from her financial records. TAXPAYER MEG INFORMATION FROM FINANCIAL RECORDS Regular income tax liability $ 49,990 AMT adjustments 40,000 AMT preferences 20,000 Taxable income 190,000 Calculate her AMT exemption for 2020. During the year, Boyd went from Chicago to Honolulu on business. After spending six days on business, Boyd took a four day vacation and toured the islands. Expenses of the trip are as follows. TAXPAYER BOYD INFORMATION RELATING TO HONOLULU TRIP Air fare $ 3,000 Lodging (10 nights at $180 per night) 1,800 Meals (10 days at $120 per day) 1,200 Airport limousines 100 Presuming no reimbursement, deductible expenses are: Konrad's AGI is $160,000. He contributed $92,000 in cash to a public charity. What is Konrad's charitable contribution deduction for AMT purposes? Select one: a. $48,000 O b. $92,000. C. $80,000 d. $46,000. Amos loaned James (a friend) $10,000 in 2019 with the agreement that the loan would be repaid in two years. In 2020, James filed for bankruptcy, and Amos was notified that he could expect $0.40 on the dollar. In 2021, final settlement was made, and Amos received $1,500. In 2020, Amos had AGI of $70,000, including $6,000 of short term capital gain. In 2021, Amos had AGI of $80,000, including $4,000 of long term capital gain. Assuming the loan is a nonbusiness bad debt, what is the amount of Amos's bad debt deduction in 20212 Select one: o a. $8,500. O b. $6,000 C. $7,000 O d. $1,500