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Bianca and David Report the Following for 2016

Question 45

Essay

Bianca and David report the following for 2016.
Regular income tax before credits
$32,000
Tentative minimum tax before credits
45,000

a.Calculate Bianca and David's AMT if they qualify for the adoption expense credit of $11,000.
b.Calculate Bianca and David's AMT if they qualify for the adoption expense credit of $13,190.

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a.In addition to the foreign tax cred...

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