Question 1
Harley's tentative minimum tax is computed by multiplying the AMT tax rates by her
◦ taxable income.
◦ alternative minimum tax base.
◦ alternative minimum taxable income.
◦ tentative alternative taxable income.
Question 2
In 2016 Charlton and Cindy have alternative minimum taxable income of $130,000 and file a joint return. For purposes of computing the alternative minimum tax, their exemption is
◦ $0.
◦ $8,100.
◦ $53,900.
◦ $83,800.