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Arlene, Who Is Single and Itemizes Deductions, Reports Taxable Income

question 58

Essay

Arlene, who is single and itemizes deductions, reports taxable income for 2019 of $612,000.
Calculate her alternative minimum tax, if any, given the following additional information.  AMT adjustments  Positive $22,000 Negative (25,000) Tax preferences 146,000\begin{array}{l}\text { AMT adjustments }\\\begin{array} { c c } \text { Positive } & \$ 22,000 \\\text { Negative } & ( 25,000 ) \\\text { Tax preferences } & 146,000\end{array}\end{array}


Definitions:

Reliability

The extent to which a measurement is free from random error.

Acceptability

The degree to which a concept, action, or thing is regarded as suitable or satisfactory by a group or society.

Specificity

The degree to which something is precise, detailed, or strictly defined.

Interrater Reliability

A measure of the consistency among different observers or raters in their assessments, important for ensuring the validity of research or evaluation results.

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