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    Principles of Taxation
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    Exam 14: The Individual Tax Formula
  5. Question
    MrAnd MrsStern Reported $1,148,340 Alternative Minimum Taxable Income Before Any Exemption
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MrAnd MrsStern Reported $1,148,340 Alternative Minimum Taxable Income Before Any Exemption

Question 67

Question 67

Multiple Choice

Mr.and Mrs.Stern reported $1,148,340 alternative minimum taxable income before any exemption on their 2019 Form 1040.Calculate their AMT exemption.


A) $0
B) $31,935
C) $109,400
D) None of the above

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