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    Exam 15: Alternative Minimum Tax
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    Use the Following Data to Calculate Jolene's AMTI
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Use the Following Data to Calculate Jolene's AMTI

Question 62

Question 62

Essay

Use the following data to calculate Jolene's AMTI. Taxable income $190,000 AMT adjustments Positive 70,000 Negative (14,000) Tax preferences 25,000

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Jolene's AMTI is calculated as follows:​...

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