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McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Edition 3ISBN: 9780078111068 Exercise 14
Olga is married and files a joint tax return with her husband.What amount of AMT exemption may she deduct under the following alternative circumstances?
a.Her AMTI is $90,000.b.Her AMTI is $180,000.c.Her AMTI is $450,000.
a.Her AMTI is $90,000.b.Her AMTI is $180,000.c.Her AMTI is $450,000.
Explanation
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Federal income tax
Federal income tax d...
McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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