Reva and Josh Lewis Had Alternative Minimum Taxable Income of $350,000

question 33

Multiple Choice

Reva and Josh Lewis had alternative minimum taxable income of $350,000 in 2015 and file a joint return.For purposes of computing the alternative minimum tax,their exemption is

• A)$35,625.
• B)$53,600.
• C)$47,775.
• D)$83,400.

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Definitions:

New Jobs

Employment positions that arise due to technological advancements, economic shifts, or societal changes.

Principles of Justice

Fundamental ethical guidelines that aim to ensure fairness, equity, and rights in society and the legal system.

Social Inequalities

The existence of unequal opportunities or treatment for different societal groups based on class, race, gender, age, or ethnicity.

Rawls

A philosopher known for his theory of justice which argues for the creation of a society where the least advantaged are as well off as possible.