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George and Meredith Who Are Married,have a Regular Tax Liability

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Essay

George and Meredith who are married,have a regular tax liability of $22,963,taxable income of $125,000,tax preferences of $25,000,and positive adjustments attributable to limitations on itemized deductions of $18,700 this year.They claim $11,850 of personal and dependency exemptions for themselves and their 20-year old dependent daughter.What is George and Meredith's alternative minimum tax for 2014?


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