Celia and Christian, Who Are Married Filing Jointly, Have One

question 25

Multiple Choice

Celia and Christian, who are married filing jointly, have one dependent and do not itemize deductions. They report taxable income of $492,000 and tax preferences of $53,000 in 2018. What is their AMT base for 2018?

• A) $0.
• B) $492,000.
• C) $459,600.
• D) $569,000.

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Definitions:

Personal Individuation

The process of developing a distinct and unique identity, separating oneself from the collective identity of a group.

Self-preservation

A basic instinct in all beings to protect themselves from harm and to maintain their health and well-being.

Adaptive Potential

The capability of an individual or system to adjust or change in response to new conditions or environments.

Epigenesis

A biological process in which the development of an organism is shaped by the interaction between its genetic potential and the environment, leading to the gradual unfolding of complex structures.