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Author Question: Rex has the following AMT adjustment factors: -Depreciation of real property acquired in 1996 using ... (Read 55 times)

strangeaffliction

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on: Sep 13, 2020

Question 1

Reva and Josh Lewis had alternative minimum taxable income of $350,000 in 2016 and file a joint return. For purposes of computing the alternative minimum tax, their exemption is
◦ $36,225.
◦ $47,575.
◦ $0.
◦ $83,800.

Question 2

Rex has the following AMT adjustment factors:
-Depreciation of real property acquired in 1996 using MACRS is $22,000 while depreciation for AMT purposes is $15,000.
-R&E expenditures amounting to $60,000 are expensed.
The net adjustment is
◦ $7,000.
◦ $54,000.
◦ $61,000.
◦ $67,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by strangeaffliction on Sep 13, 2020

swimkari

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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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strangeaffliction

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

Jossy

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

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