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Use the Following Data to Calculate Jolene's AMTI

Question 100

Essay

Use the following data to calculate Jolene's AMTI.Jolene does not itemize deductions.
Taxable income
$190,000
AMT adjustments
Positive
70,000
Negative
(14,000)
AMT preferences
25,000

Correct Answer:

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

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