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    Federal Taxation
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    Exam 28: Special Tax Computation Methods, tax Credits, and Payment of Tax
  5. Question
    In 2014 Charlton and Cindy Have Alternative Minimum Taxable Income
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In 2014 Charlton and Cindy Have Alternative Minimum Taxable Income

Question 115

Question 115

Multiple Choice

In 2014 Charlton and Cindy have alternative minimum taxable income of $130,000 and file a joint return.For purposes of computing the alternative minimum tax,their exemption is


A) $0.
B) $7,900.
C) $52,800.
D) $82,100.

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