Annie, a single taxpayer, has taxable income of $600,000 and a regular tax liability of $187,690 in 2018. She also has positive AMT adjustments of $100,000 due to incentive stock options and limitations on itemized deductions and tax preferences of $25,000. What is Annie's AMT for 2018?

Question

Quizplus · Accepted Answer

The Answer of Annie, a single taxpayer, has taxable income of $600,000 and a regular tax liability of $187,690 in 2018. She also has positive AMT adjustments of $100,000 due to incentive stock options and limitations on itemized deductions and tax preferences of $25,000. What is Annie's AMT for 2018?

Annie, a Single Taxpayer, Has Taxable Income of $600,000 and a Regular