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TB MC Qu. 13-47 Jacob is single with no dependents. During... Jacob is single with no dependents. During 2021, Jacob has $110,000 of taxable income.

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TB MC Qu. 13-47 Jacob is single with no dependents. During... Jacob is single with no dependents. During 2021, Jacob has $110,000 of taxable income. He has $38,000 of positive AMT adjustments and $22,000 of tax preferences. Jacob does not itemize his deductions but takes the standard deduction. Calculate Jacob's AMTI. Multiple Choice $132,400. $160,400. $170,000. $182,550

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