Caroline and Clint Are Married,have No Dependents,and File a Joint

question 19

Essay

Caroline and Clint are married,have no dependents,and file a joint return in 2016.Use the following selected data to calculate their Federal income tax liability.
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AMTI
$285,000
Regular income tax liability
42,066
AMT preferences
90,000

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Definitions:

Skewed Distribution

Describes a situation in data distribution where the results are not symmetrically distributed, often leaning towards one side, either left or right.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are from the mean.

Normal Model

A statistical model based on the normal (Gaussian) distribution, depicting how data points vary or are distributed around the mean.

Standard Deviation

An index reflecting how significantly a series of statistics diverges or spreads.