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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 12
William is not married, nor does he have any dependents. He does not itemize deductions. His taxable income for 2009 was $87,000. His AMT adjustments totaled $125,000 (with the exception of the standard deduction and personal exemption). What is William's AMT for 2009?
Explanation
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Income tax:
Every earner pays a tax on ...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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