Annie Has Taxable Income of $100,000,a Regular Tax Liability of $21,071,a

question 46

Essay

Annie has taxable income of $100,000,a regular tax liability of $21,071,a positive AMT adjustment due to limitations on itemized deductions of $20,000,and tax preferences of $25,000 in 2015.Annie is single and takes a $4,000 personal exemption for herself only.What is Annie's AMT for 2015?

Recognize and correct errors in Excel worksheet.

Understand how to select and manipulate cells and cell content in Excel.

Learn the distinction between absolute and relative cell references and their applications.

How to use specific Excel functions for summarizing, finding minimum or maximum values.

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Definitions:

Promote Efficiency

Actions or strategies undertaken to improve the productivity and effectiveness of an operation or process, minimizing waste and maximizing output.

Budget Committee

A group responsible for overseeing the preparation, implementation, and review of budgets within an organization.

Internal Auditors

Professionals within an organization responsible for evaluating and improving the effectiveness of risk management, control, and governance processes.

Budget Director

An individual responsible for overseeing the preparation and implementation of an organization's budget, ensuring financial discipline and planning.