Kay, Who Is Single, Had Taxable Income of $0 in 2014

question 89

Multiple Choice

Kay, who is single, had taxable income of $0 in 2014. She has positive timing adjustments of $206,300 and exclusion items of $100,000 for the year. What is the amount of her alternative minimum tax credit for carryover to 2015?

• A) $80,560.
• B) $68,861.
• C) $68,288.
• D) $12,272.
• E) None of the above.

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The quality of making judgments that are free from discrimination, honesty, and equity in interpersonal and societal dealings.

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The act of voluntarily relinquishing or giving up a known right or privilege.

Past Practice

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