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Use the following data to calculate Chiara's AMT base in 2016: Taxable income $148,000 Positive AMT adjustments 73,000 Negative AMT adjustments 55,000 Preferences 30,000 Chiara

Use the following data to calculate Chiara's AMT base in 2016:

Taxable income $148,000
Positive AMT adjustments 73,000
Negative AMT adjustments 55,000
Preferences 30,000

Chiara will file as a single taxpayer and chooses to itemize her deductions. The personal/dependency exemption amount is $4,050.

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