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Problem 14-32 (Algo) [LO 14-8] wences For all the following cases, assume that taxable income does not include any dividend income or capital gain.
Problem 14-32 (Algo) [LO 14-8] wences For all the following cases, assume that taxable income does not include any dividend income or capital gain. Required: a. Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $225,000 and AMTI before exemption of $225,500. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $197,550 and AMTI before exemption of $220,500. c. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $685,675 and AMTI before exemption of $800,000. Assume the taxable year is 2022. Use Individual Tax Rate Schedules. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $225,000 and AMTI before exemption of $225,500. Note: Enter "0" if taxpayer is not subject to AMT. AMT C. Reed A Required B>
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