Multiple Choice
Jacob is single with no dependents.During 2016,Jacob has $110,000 of taxable income.He has $38,000 of positive AMT adjustments and $22,000 of tax preferences.Jacob does not itemize his deductions but takes the standard deduction.Calculate Jacob's AMTI.
A) $174,050.
B) $176,300.
C) $120,300.
D) $180,350.
Correct Answer:
Verified
Correct Answer:
Verified
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