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Mel, who is single and age 38, provides you with the following information from his financial records Regular income tax liability $ 47,228 AMT positive

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Mel, who is single and age 38, provides you with the following information from his financial records Regular income tax liability $ 47,228 AMT positive adjustments 40,000 AMT preferences 20,000 Taxable income 190,000 Calculate his AMT exemption for 2017. PLEASE SHOW ALL CALCULATIONS NECESSARY A. $0. B. $23,450. C. $14,075 D. $48,450. E. None of the above

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