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Jonathan Is Married, Files a Joint Return, and Has One

question 67

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Jonathan is married, files a joint return, and has one child. During 2015, 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) .


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