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Problem 8-59 (LO 8-2) (Static) [The following information applies to the questions displayed below. In 2023, Juanita is married and files a joint tax
Problem 8-59 (LO 8-2) (Static) [The following information applies to the questions displayed below. In 2023, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in e following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for referer Note: Input all values as positive. Leave no answer blank. Enter zero if applicable. Problem 8-59 Part a (Static) a. Her AMT base is $100,000, all ordinary Income. Answer is complete but not entirely correct. Description Amount (1) AMT base $ 100,000 (2) Dividends taxed at preferential rate 0 (3) Tax on dividends 0 (4) AMT base taxed at regular AMT rates 100,000 (5) Tax on AMT base taxed at 26% rate 161,000 (6) Tax on AMT base taxed at 28% rate Tentative minimum tax 41,860 $
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