Ashby,who Is Single and Age 30,provides You with the Following

Multiple Choice

Ashby,who is single and age 30,provides you with the following information from his financial records for 2015. Regular income tax liability $ 47,228 AMT positive adjustments 40,000 AMT preferences 20,000 Taxable income 195,000 ​ Calculate his AMT exemption for 2015.

A) $0
B) $17,000
C) $26,800
D) $53,600
E) None of the above