Cliff Is Married and Files a Joint Return

question 87

Multiple Choice

Cliff is married and files a joint return.His return shows AGI of $1,268,000 and regular taxable income of $1,224,000.He has $30,000 of preference items and $21,000 of net positive adjustments (including adjustments for itemized deductions) .The $111,700 exemption begins to phase out at $1,020,600.What is his AMTI exemption amount?

• A)$91,700
• B)$63,600
• C)$48,100
• D)$28,825

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Definitions:

Stomata

Small openings on the surfaces of plant leaves and stems that facilitate gas exchange.

Vascular Tissue

Specialized tissue in plants that is responsible for the transport of water and nutrients throughout the plant body.

Ground Tissue

Plant tissue that makes up the bulk of the plant body, involved in photosynthesis, storage, and support, excluding the vascular and dermal tissues.

Dermal Tissue

Dermal tissue is a protective outer layer of cells in plants, equivalent to skin in animals, that serves as the first defense barrier against the environment.