Sarah Is Single with No Dependents

question 69

Essay

Sarah is single with no dependents.During 2014,Sarah has $86,000 of taxable income.She has $14,000 of positive AMT adjustments and $24,000 of tax preferences.Sarah does not itemize her deductions but takes the standard deduction.Calculate Sarah's AMTI.

---

Definitions:

World's Economy

Describes the global network of economic activities, including production, consumption, and trade of goods and services across different countries.

U.S. Companies

Businesses that are incorporated, operate, or have their primary base of operations within the United States.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors, leading to a favorable position in the market.