Use the following data to calculate Chiara's 2017 AMT base. Chiara files as a single taxpayer and itemizes her deductions.

Taxable income	$148,000
Positive AMT adjustments (does not include personal exemptions)	73,000
Negative AMT adjustments	55,000
AMT preferences	30,000

The personal/dependency exemption amount is $4,050.

Click here to access the exemption table. Do not round computations but round your final amounts to the nearest dollar.

Chiara's taxable income		$152,050
Plus or minus:	Positive adjustments
	Negative adjustments
Plus:	Tax preferences
Equals:	AMTI	$
Less:	Exemption
Equals:	AMT base	$

EXEMPTION IS NOT $34,825!!!