Annie Has Taxable Income of $100,000,a Regular Tax Liability of $20,982,a

question 39

Essay

Annie has taxable income of $100,000,a regular tax liability of $20,982,a positive AMT adjustment due to limitations on itemized deductions of $20,000,and tax preferences of $25,000 in 2016.Annie is single and takes a $4,050 personal exemption for herself only.What is Annie's AMT for 2016?

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