Tad and Audria,who Are Married Filing a Joint Return,have AMTI

question 33

Essay

Tad and Audria,who are married filing a joint return,have AMTI of $256,000 for 2014.Calculate their AMT exemption.

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Definitions:

Standard Normal Random Variable

A random variable that has a normal distribution with a mean of 0 and a standard deviation of 1.

P

Sometimes used as shorthand for "P-value," which assesses the strength of evidence against a null hypothesis in statistical testing.

z

A statistical measure representing the number of standard deviations a data point is from the mean of a distribution.

Exponential Probability Distribution

A statistical distribution used to model the time between events in a Poisson process, characterized by a constant rate of occurrence.