For regular income tax purposes,Yolanda,who is single,is in the 35% tax bracket.Her AMT base is $220,000.Her tentative AMT is:

Question

Quizplus · Accepted Answer

Yolanda's tentative AMT is calculated by adding back certain deductions and exemptions, then applying the AMT rate of 26% to the first $194,800 of her AMT base and 28% to the remainder.

AMT base = $220,000
Add back itemized deductions: Not given
Add back personal exemption: Not given
Tentative AMT

= (0.26 × $194,800) + (0.28 × ($220,000 - $194,800)) 
= $50,728 + $7,146 
= $57,874

Therefore, the correct answer is B.

For Regular Income Tax Purposes,Yolanda,who Is Single,is in the 35