Bianca and David Report the Following for 2016

question 45

Essay

Bianca and David report the following for 2016.
Regular income tax before credits
$32,000
Tentative minimum tax before credits
45,000
​
a.Calculate Bianca and David's AMT if they qualify for the adoption expense credit of $11,000.
b.Calculate Bianca and David's AMT if they qualify for the adoption expense credit of $13,190.

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Definitions:

Marine Biodiversity

The variety of life forms found in marine ecosystems, including the diversity of species, habitats, and ecological processes.

Legal Jurisdiction

Refers to the authority given to a legal body to administer justice within a defined field of responsibility, covering geographic area and/or types of cases.

Coastal Development

The process of building homes, businesses, and other infrastructure along coastlines, often leading to environmental and ecological impacts.

Bycatch

Unintentional catch of non-target species while fishing, including fish, birds, and marine mammals, leading to ecological imbalance and wastage.