After Computing All Tax Preferences and AMT Adjustments,Peter Has AMTI

question 37

Multiple Choice

After computing all tax preferences and AMT adjustments,Peter has AMTI of $210,000 in 2017.If Peter is single,what exemption amount can he claim for AMT in 2017?

• A)$0.
• B)$31,975.
• C)$54,300.
• D)$84,500.

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Definitions:

Red Shaded Region

Often refers to a portion of a graph or chart highlighted in red to indicate significance, warning, or another area of interest.

Continuous Random Variables

Continuous random variables are quantities that can assume an infinite number of values within a given range, often corresponding to measurements.

Normal Distributions

A distribution where the likelihood of data occurring decreases as the distance from the mean increases, all the while maintaining a symmetrical shape around the mean.

Discrete Random Variable

A random variable that can take on only a finite or countably infinite set of distinct values.