Mr and Mrs Stern Reported $1,148,340 Alternative Minimum Taxable Income

question 22

Multiple Choice

Mr and Mrs Stern reported $1,148,340 alternative minimum taxable income before any exemption on their 2018 Form 1040. Calculate their AMT exemption.

• A) $0
• B) $37,085
• C) $109,400
• D) None of the above

---

Definitions:

Eadwine Psalter

A highly decorated 12th-century manuscript Psalter, named after Eadwine, a monk who may have been responsible for its production, notable for its artistic and liturgical importance.

Utrecht Psalter

A highly important and richly illustrated manuscript containing psalms and other religious texts, created around the 9th century.

Vienna Genesis

The earliest well-preserved, illustrated Christian manuscript, known for its depiction of scenes from the Book of Genesis.

Romanesque

An architectural style of Europe characterized by semi-circular arches, robust appearance, and thick walls, prevalent in the 11th and 12th centuries.