Ruth Anne, a single taxpayer, reported $529,500 alternative minimum taxable income before any exemption on her 2018 Form 1040. Calculate Ruth Anne's AMT exemption.

Name: Ruth Anne, a single taxpayer, reported $529,500 alternative minimum taxable income before any exemption on her 2018 Form 1040. Calculate Ruth Anne's AMT exemption.
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$529,500 - $500,000 AMTI threshold = $29,500 * 25% = $7,375 reduction in exemption. $70,300 single exemption - $7,375 = $62,925.

Ruth Anne, a Single Taxpayer, Reported $529,500 Alternative Minimum Taxable