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Rosita Flores, who is single and age 56, had financial information for 2019 as follows: Taxable income (prior to the standard deduction), $540,000. Positive AMT
- Rosita Flores, who is single and age 56, had financial information for 2019 as follows:
- Taxable income (prior to the standard deduction), $540,000.
- Positive AMT adjustments, $60,000.
- AMT preferences, $30,000.
- Negative AMT adjustments, $10,000.
- Rositas itemized deductions are less than the standard deduction.
Compute Rositas AMT base for 2019.
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
