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Author Question: George and Meredith who are married, have a regular tax liability of $22,783 based on regular ... (Read 34 times)

mrsjacobs44

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on: Sep 13, 2020

Question 1

Annie has taxable income of $100,000, a regular tax liability of $21,037, a positive AMT adjustment due to limitations on itemized deductions of $20,000, and tax preferences of $25,000 in 2016. Annie is single and takes a $4,050 personal exemption for herself only.  What is Annie's AMT for 2016?

Question 2

George and Meredith who are married, have a regular tax liability of $22,783 based on regular taxable income of $125,000. This year they generated tax preferences of $25,000, and positive adjustments attributable to limitations on itemized deductions of $18,700. In determining regular taxable income, they had claimed $12,150 of personal and dependency exemptions for themselves and their 20-year old dependent daughter. What is George and Meredith's alternative minimum tax for 2016?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by mrsjacobs44 on Sep 13, 2020

amynguyen1221

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mrsjacobs44

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Reply 2 on: Sep 13, 2020
Excellent

Sarahjh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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