Wallace and Clarice (both age 45) have combined salary and wages of $90,000. They each contribute $3,000 to a Roth IRA and take the standard deduction when they file jointly in 2017. If they have a $60,000 preference item, what is their alternative minimum tax?

Question

Quizplus · Accepted Answer

The Answer of Wallace and Clarice (both age 45) have combined salary and wages of $90,000. They each contribute $3,000 to a Roth IRA and take the standard deduction when they file jointly in 2017. If they have a $60,000 preference item, what is their alternative minimum tax?

Wallace and Clarice (Both Age 45) Have Combined Salary and Wages