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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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