Celia and Amos, Who Are Married Filing Jointly, Have One

question 7

Multiple Choice

Celia and Amos, who are married filing jointly, have one dependent and do not itemize deductions. They have taxable income of $82,000 and tax preferences of $53,000 in 2012. What is their AMT base for 2012?

• A)$0.
• B)$85,925.
• C)$94,450.
• D)$158,300.
• E)None of the above.

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Definitions:

Group Dynamics

Group dynamics refers to the study of behaviors and psychological processes occurring within a social group or between social groups.

Increases Conformity

Refers to factors or situations that enhance the likelihood of individuals to align their attitudes, beliefs, and behaviors with those of a group.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group compared to when they work alone.

Social Influence

The effect that the words, actions, or mere presence of other people have on our attitudes, beliefs, or actions.