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Required information [The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2019, her taxable income is $41,000. What is
Required information [The following information applies to the questions displayed below.] Lacy is a single taxpayer. In 2019, her taxable income is $41,000. What is her tax liability in each of the following alternative situations? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. Her $41,000 of taxable income includes $5,700 of qualified dividends. Tax liability Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $14,300, real estate taxes of $3,000, state income taxes of $6,750, and mortgage interest of $3,400 on $32,700 of acquisition indebtedness on his home. Sylvester's regular taxable income is $144,000. What is Sylvester's AMTI? AMTI Required information [The following information applies to the questions displayed below.] Olga is married and files a joint tax return with her husband. What amount of AMT exemption may she deduct under each of the following alternative circumstances? Exhibit 8-5. (Leave no answer blank. Enter zero if applicable.) b. Her AMTI is $1,154,000. Amount of AMT exemption
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