Lavonne,a single taxpayer,has a regular tax liability of $11,259 on taxable income of $70,000.She also has tax preferences of $38,000 and positive adjustments attributable to limitations on itemized deductions of $10,000.Lavonne's alternative minimum tax for 2019 is

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To calculate the Alternative Minimum Tax (AMT), Lavonne's AMT income is $70,000 + $38,000 + $10,000 = $118,000. The AMT exemption for a single filer in 2019 is $71,700. Thus, her AMT base is $118,000 - $71,700 = $46,300. The AMT rate is 26% for income up to $194,800. Therefore, her tentative AMT is $46,300 * 26% = $12,038. The AMT is the excess of tentative AMT over regular tax liability: $12,038 - $11,259 = $779.

Lavonne,a Single Taxpayer,has a Regular Tax Liability of $11,259 on Taxable