Jonathan Is Married,files a Joint Return,and Has One Child

question 60

Multiple Choice

Jonathan is married,files a joint return,and has one child.During 2016,Jonathan has $85,000 of taxable income.He has $20,000 of positive AMT adjustments and $28,000 of tax preferences.Since Jonathan rents his home pays no mortgage interest) and lives in Florida has no state income tax) ,he does not itemize his deductions but takes the standard deduction.Calculate Jonathan's AMTI before exclusion amount) .

• A)$157,750.
• B)$145,600.
• C)$145,150.
• D)$137,600.

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Definitions:

Negatively Charged Particle

An elementary particle with a negative electric charge, such as an electron.

Nucleus

The central and most important part of an atom, containing protons and neutrons, or a membrane-bound organelle found in eukaryotic cells containing genetic material.

Atom

The smallest unit of a chemical element that retains the properties of that element, consisting of a nucleus surrounded by electrons.

Deoxyribonucleic Acid

The molecule that contains the genetic instructions used in the development and functioning of all known living organisms and many viruses.