Stephen, an unmarried taxpayer filing single with no dependents, has AGI of $660,000 and reports the following items in 2019: Click the icon to view the items reported in 2019.) (Click the icon to view the 2019 AMT exemption amounts.) Requirement What is Stephen's AMT liability for 2019? Begin by computing Stephen's alternative minimum tax base amount for 2019. (Do not round intermediary calculations, only round the amounts you enter into the input cell to the nearest whole dollar) Plus: Alternative minimum taxable income (AMTI) Minus Alternative minimum tax base amount 2 Choose from any list or enter any number in the input fields and then continue to the next question Stephen, an unmarried taxpayer filing single with no dependents, has AGI of $660,000 and reports the following items in 2019: Click the icon to view the items reported in 2019.) (Click the icon to view the 2019 AMT exemption amounts.) Requirement Data Table What is Stephen's AMT liability for 2 Begin by computing Stephen's alter enter into the input cell to the neares only round the amounts you $ Taxable income Tax preferences AMT adjustments related to itemized deductions Regular tax liability 570,000 76,000 49,000 175,888 Plus Alternative minimum taxable income Print Done Minus Alternative minimum tax baso amour Choose from any list or enter any number in the input fields and then continue to the next question i Reference Stopil Alternative Minimum Tax - 2019 Reqy What If AMTI minus the exemption amount is: The Tax is: Begid enter Of the Amount Over- Plus 0 But Not Over- Over- OS 194.800 194,800 50,848 + *$97.400 and $25,324 for married taxpayers filing separately. 28% S 28% $ 194,800 Alter Mind 2019 Basic 2019 Phaseout Alter Choo Print Done Reference Step Reqy What of the Amount Over- Begid enter But Not Over- Over- S OS 194,800 194,800 $ 50,648 *597 400 and $25,324 for married taxpayers fling separately, 0 26% $ 28% $ 194,800 Plus 2019 Basic 2019 Phaseout Alter $ Minu AMT exemption and phase-out amounts: Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing joint returns and surviving spouses Married individuals filing separate returns Exemption 71,700 $ 111.700 55,850 Threshold 510,300 1,020,600 510,300 Alter Choo Print Done Done Stephen, an unmarried taxpayer filing single with no dependents, has AGI of $660,000 and reports the following items in 2019: Click the icon to view the items reported in 2019.) Click the icon to view the 2019 AMT exemption amounts.) Requirement What is Stephen's AMT liability for 2019? Alternative minimum taxable income (AMTI) Minus Alternative minimum tax base amount Complete the table below to determine Stephen's AMT liability for 2019. (Do not round intermediary calculations, only round the amounts you enter into the input cell to the nearest whole dollar. Enter a "o" it Stephen does not have an AMT liability.) Minus: Alternative minimum tax (AMT) Choose from any list or enter any number in the input fields and then continue to the next question Stephen, an unmarried taxpayer filing single with no dependents, has AGI of $660,000 and reports the following items in 2019: Click the icon to view the items reported in 2019.) (Click the icon to view the 2019 AMT exemption amounts.) Requirement What is Stephen's AMT liability for 2019? Begin by computing Stephen's alternative minimum tax base amount for 2019. (Do not round intermediary calculations, only round the amounts you enter into the input cell to the nearest whole dollar) Plus: Alternative minimum taxable income (AMTI) Minus Alternative minimum tax base amount 2 Choose from any list or enter any number in the input fields and then continue to the next question Stephen, an unmarried taxpayer filing single with no dependents, has AGI of $660,000 and reports the following items in 2019: Click the icon to view the items reported in 2019.) (Click the icon to view the 2019 AMT exemption amounts.) Requirement Data Table What is Stephen's AMT liability for 2 Begin by computing Stephen's alter enter into the input cell to the neares only round the amounts you $ Taxable income Tax preferences AMT adjustments related to itemized deductions Regular tax liability 570,000 76,000 49,000 175,888 Plus Alternative minimum taxable income Print Done Minus Alternative minimum tax baso amour Choose from any list or enter any number in the input fields and then continue to the next question i Reference Stopil Alternative Minimum Tax - 2019 Reqy What If AMTI minus the exemption amount is: The Tax is: Begid enter Of the Amount Over- Plus 0 But Not Over- Over- OS 194.800 194,800 50,848 + *$97.400 and $25,324 for married taxpayers filing separately. 28% S 28% $ 194,800 Alter Mind 2019 Basic 2019 Phaseout Alter Choo Print Done Reference Step Reqy What of the Amount Over- Begid enter But Not Over- Over- S OS 194,800 194,800 $ 50,648 *597 400 and $25,324 for married taxpayers fling separately, 0 26% $ 28% $ 194,800 Plus 2019 Basic 2019 Phaseout Alter $ Minu AMT exemption and phase-out amounts: Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing joint returns and surviving spouses Married individuals filing separate returns Exemption 71,700 $ 111.700 55,850 Threshold 510,300 1,020,600 510,300 Alter Choo Print Done Done Stephen, an unmarried taxpayer filing single with no dependents, has AGI of $660,000 and reports the following items in 2019: Click the icon to view the items reported in 2019.) Click the icon to view the 2019 AMT exemption amounts.) Requirement What is Stephen's AMT liability for 2019? Alternative minimum taxable income (AMTI) Minus Alternative minimum tax base amount Complete the table below to determine Stephen's AMT liability for 2019. (Do not round intermediary calculations, only round the amounts you enter into the input cell to the nearest whole dollar. Enter a "o" it Stephen does not have an AMT liability.) Minus: Alternative minimum tax (AMT) Choose from any list or enter any number in the input fields and then continue to the next