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Ruth Anne, a single taxpayer, reported $529,500 alternative minimum taxable income before any exemption on her 2018 Form 1040. Calculate Ruth Anne's AMT exemption. $7,975

Ruth Anne, a single taxpayer, reported $529,500 alternative minimum taxable income before any exemption on her 2018 Form 1040. Calculate Ruth Anne's AMT exemption.

$7,975

$62,925

$55,400

None of the above

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