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My calculation is incorrect Jaclyn Biggs, who files as a head of household, never paid AMT before 2021 . In 2021 , her regular tax
My calculation is incorrect
Jaclyn Biggs, who files as a head of household, never paid AMT before 2021 . In 2021 , her regular tax liability was $102,220 which included $39,900 capital gain taxed at 20 percent, and her AMTI in excess of her exemption amount was $422,500. Required: Compute Jaclyn's total income tax for 2021. Use Individual Tax Rate Schedules. Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse Married Filing Separately Head of Household SingleStep by Step Solution
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