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    Use the Following Selected Data to Calculate Devon's Taxable Income
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Use the Following Selected Data to Calculate Devon's Taxable Income

Question 65

Question 65

Essay

Use the following selected data to calculate Devon's taxable income. Tax preferences $ 45,000 Positive AMT adjustments 52,000 Negative AMT adjustments 15,000 AMTI 290,000

Correct Answer:

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AMTI
$290,000
Plus: Negative...

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