After Computing All Tax Preferences and AMT Adjustments,Adam and His

question 7

Multiple Choice

After computing all tax preferences and AMT adjustments,Adam and his wife Cindy have AMTI of $290,000.If Adam and Cindy file a joint tax return,what exemption amount can they claim for AMT for 2014?

• A) $0.
• B) $48,725.
• C) $52,800.
• D) $82,100.

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