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After Computing All Tax Preferences and AMT Adjustments, Peter Has

question 8

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After computing all tax preferences and AMT adjustments, Peter has AMTI of $210,000 in 2015. If Peter is single, what exemption amount can he claim for AMT in 2015?

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Definitions:

Globalisation

The worldwide interdependence of resource flows, product markets, and business competition.

Outsourcing

Is a decision to allow one or more of a company’s value chain activities to be performed by onshore independent specialist companies that focus all their skills and knowledge on just one kind of activity.

Bona Fide

Genuine; real; without intention to deceive or any fraud involved.

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