Essay
George and Meredith who are married,have a regular tax liability of $23,108,taxable income of $125,000,tax preferences of $25,000,and positive adjustments attributable to limitations on itemized deductions of $18,700 this year.They claim $11,700 of personal and dependency exemptions for themselves and their 20-year old dependent daughter.What is George and Meredith's alternative minimum tax for 2013?
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*$80,800 - [.25 × (...View Answer
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Correct Answer:
Verified
*$80,800 - [.25 × (...View Answer
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