Question
Robin, who is a head of household and age 42, provides you with the following information from his financial records for 2015. Robert itemizes deductions.
Robin, who is a head of household and age 42, provides you with the following information from his financial records for 2015. Robert itemizes deductions. Regular income tax liability $ 42,539
AMT positive adjustments 30,000
AMT preferences 20,000
Taxable income prior to personal exemption 185,000 Calculate his AMT for 2015.
a. $12,651. b. $17,825. c. $42,539. d. $55,190. e. None of the above.
Please provide calculation & explanation
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Telecourse Guide For Accounting In Action Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen
9th Edition
0072386533, 978-0072386530
