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  3. Study Set
    Fundamentals of Taxation
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    Exam 13: At-Riskpassive Activity Loss Rules and the Individual Alternative Minimum Tax
  5. Question
    After Computing All Tax Preferences and AMT Adjustments,Adam and His
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After Computing All Tax Preferences and AMT Adjustments,Adam and His

Question 21

Question 21

Multiple Choice

After computing all tax preferences and AMT adjustments,Adam and his wife Cindy have AMTI of $290,000.If Adam and Cindy file a joint tax return,what exemption amount can they claim for AMT for 2016?


A) $53,900.
B) $51,225.
C) $83,800.
D) $0.

Correct Answer:

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