Reva and Josh Lewis Had Alternative Minimum Taxable Income of $1,050,000

question 948

Multiple Choice

Reva and Josh Lewis had alternative minimum taxable income of $1,050,000 in 2018 and file a joint return. For purposes of computing the alternative minimum tax, their exemption is

• A) $0.
• B) $96,900.
• C) $59,400.
• D) $109,400.