Jerusha Is Married and She Files a Separate Tax Return

question 20

Short Answer

Jerusha is married and she files a separate tax return in 2014. She claims two exemptions (2 × 3,950 = $7,900). She claimed the standard deduction for regular tax purposes ($6,200). She had no other adjustments. Her regular taxable income was $67,800. What is Jerusha's AMTI?

---

Definitions:

Government

The governing body of a nation, state, or community responsible for leadership, policy making, and administration.

Ethanol Program

A governmental policy initiative aimed at promoting the use of ethanol as a biofuel, to reduce dependency on fossil fuels and decrease greenhouse gas emissions.

Imported Ethanol

Ethanol fuel sourced from foreign countries, used primarily as a biofuel additive for gasoline.

Subsidies

Financial assistance granted by a government to support businesses or individuals, aiming to reduce costs and encourage certain economic activities.