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Alice Grim,a Single Taxpayer,has $219,000 Taxable Income,which Includes a $20,000

Question 106

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Alice Grim,a single taxpayer,has $219,000 taxable income,which includes a $20,000 capital gain taxed at 15%.Her alternative minimum taxable income in excess of her exemption amount is $237,400.Compute Alice's regular tax,AMT,and total tax.

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Alice's regular tax is $52,200 = $49,200...

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