Abbygail,who is single,reported taxable income of $115,000 for 2016.She incurred positive AMT adjustments of $30,000,negative AMT adjustments of $12,000,and tax preference items of $50,000.Abbygail itemizes deductions.

a.Compute her AMTI.
a.Compute Abbygail's tentative minimum tax.
b.Assume the same facts as in part

Question

Abbygail,who is single,reported taxable income of $115,000 for 2016.She incurred positive AMT adjustments of $30,000,negative AMT adjustments of $12,000,and tax preference items of $50,000.Abbygail itemizes deductions.
​
a.Compute her AMTI.
a.Compute Abbygail's tentative minimum tax.
b.Assume the same facts as in part

Quizplus · Accepted Answer

The Answer of Abbygail,who is single,reported taxable income of $115,000 for 2016.She incurred positive AMT adjustments of $30,000,negative AMT adjustments of $12,000,and tax preference items of $50,000.Abbygail itemizes deductions.
​
a.Compute her AMTI.
a.Compute Abbygail's tentative minimum tax.
b.Assume the same facts as in part

Abbygail,who Is Single,reported Taxable Income of $115,000 for 2016