Lavonne, a single taxpayer, has a regular tax liability of $11,340 on taxable income of $70,000. She also has tax preferences of $35,000 and positive adjustments attributable to limitations on itemized deductions of $10,000. Lavonne's alternative minimum tax for 2018 is

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To calculate the AMT, first determine the AMTI by adding tax preferences and adjustments to taxable income: $70,000 + $35,000 + $10,000 = $115,000. Subtract the AMT exemption for 2018 ($70,300 for single filers) to get $44,700. The AMT rate is 26% for income up to $191,500, so $44,700 * 26% = $11,622. Subtract the regular tax liability: $11,622 - $11,340 = $282.

Lavonne, a Single Taxpayer, Has a Regular Tax Liability of $11,340