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Taxpayer Lucian, lives in Florida an files as Single. Lucian Taxable Income $550.000. In 2020 Lucian Tax Liability before adjustment is $ 158,427. Lucian has
Taxpayer Lucian, lives in Florida an files as Single. Lucian Taxable Income $550.000. In 2020 Lucian Tax Liability before adjustment is $ 158,427. Lucian has 1. Positive AMT adjustments of $100,000 - incentive stock options 2. Itemized deductions Limitation and tax preferences of $25,000. 3. What is Lucian Alternative Minimum Tax for 2020? POINTS V(24 x .25 = 6)
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