Question
Robyn and Laurie, who file married filing jointly, record AMTI of $1,200,000 for the year. Their AMT exemption is: a.$88,050. b.$118,100. c.$120,200. d.$30,050. e.$0. (1,200,000
Robyn and Laurie, who file married filing jointly, record AMTI of $1,200,000 for the year. Their AMT exemption is:
a.$88,050.
b.$118,100.
c.$120,200.
d.$30,050.
e.$0.
(1,200,000 - 1,079,800) x .25% = 30,050
118,100 - 30,500 = 88,050
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
