Question
Renee and Sanjeev Patel, who are married, had taxable income of $273,000 for 2016. They had positive AMT adjustments of $38,000, negative AMT adjustments of
Renee and Sanjeev Patel, who are married, had taxable income of $273,000 for 2016. They had positive AMT adjustments of $38,000, negative AMT adjustments of $14,000, and tax preference items of $67,500.
a. Compute the Patels' AMTI for 2016.
b. Compute their tentative minimum tax for 2016.
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Fundamentals Of Strategy
Authors: Gerry Johnson, Kevan Scholes, Richard Whittington
2nd Edition
0273713108, 9780273713104
