Annie Has Taxable Income of $100,000,a Regular Tax Liability of $21,037,a

question 36

Essay

Annie has taxable income of $100,000,a regular tax liability of $21,037,a positive AMT adjustment due to limitations on itemized deductions of $20,000,and tax preferences of $25,000 in 2016.Annie is single and takes a $4,050 personal exemption for herself only.What is Annie's AMT for 2016?

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Definitions:

Friendships

Mutual relationships between two or more people, characterized by trust, affection, and support.

Duration

The length of time that something continues or exists.

Antisocial Behaviors

Actions that harm or lack consideration for the well-being of others.

Negative Influences

Factors or forces that lead to adverse outcomes or detrimental behaviors in an individual.