Celia and Christian,who Are Married Filing Jointly,have One Dependent and Do

question 91

Multiple Choice

Celia and Christian,who are married filing jointly,have one dependent and do not itemize deductions.They have taxable income of $192,000 and tax preferences of $53,000 in 2016.What is their AMT base for 2016?

• A)$0
• B)$213,463
• C)$215,850
• D)$269,750

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action for individuals or organizations.

Meaningful Work

Employment that is perceived as having significance and purpose, contributing positively to the individual or society.

Well-defined

Clearly described or specified with no ambiguity, allowing for a precise understanding or interpretation.

Insider Trading

The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.