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Required information (The following information applies to the questions displayed below.) In 2019, Juanita is married and files a joint tax return with her husband.
Required information (The following information applies to the questions displayed below.) In 2019, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Input all values as positive. Leave no answer blank. Enter zero if applicable.) b. Her AMT base is $250,000, all ordinary income. Amount $ 250,000 Description (1) AMT base (2) Dividends taxed at preferential rate (3) Tax on dividends (4) AMT base taxed at regular AMT rates (5) Tax on AMT base taxed at 26% rate (6) Tax on AMT base taxed at 28% rate Tentative minimum tax 250,000 Required information [The following information applies to the questions displayed below.) In 2019, Juanita is married and files a joint tax return with her husband. What is her tentative minimum tax in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Input all values as positive. Leave no answer blank. Enter zero if applicable.) d. Her AMT base is $250,000, which includes $10,000 of qualified dividends. Description (1) AMT base (2) Dividends taxed at preferential rate (3) Tax on dividends (4) AMT base taxed at regular AMT rates (5) Tax on AMT base taxed at 26% rate (6) Tax on AMT base taxed at 28% rate Tentative minimum tax Amount $ 250,000 10,000 1,500 240,000 Tax Rates for Net Capital Gains and Qualified Dividends Rate* Head of Household 0% Married Filing Jointly $0 - $78,750 $78,751 - $488,850 $488,851+ Married Filing Separately $0 - $39,375 $39,376 - $244,425 $244,426+ Taxable Income Single $0 - $39,375 $39,376 - $434,550 $434,551+ Trusts and Estates $0 - $2,650 $2,651 - $12,950 $12,951+ $0 - $52,750 $52,751 - $461,700 $461,701+ 15% 20% *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose)
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