In 2016, Janet and Ray are married filing jointly. They have five dependent children under 18 years
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In 2016, Janet and Ray are married filing jointly. They have five dependent children under 18 years of age. Janet and Ray’s taxable income is $140,000, and they itemize their deductions as follows: real property taxes of $5,000, state income taxes of
$9,000, and mortgage interest expense of $15,000 (not a home-equity loan). What is Janet and Ray’s AMT? Complete Form 6251 for Janet and Ray.
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Related Book For
McGraw-Hill's Taxation Of Individuals
ISBN: 9781259729027
2017 Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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