Mr.and Mrs.Lewis have an alternative minimum tax base of $312,000.Their tentative minimum tax will be
A)$81,120.
B)$87,360.
C)$70,521.
D)$83,604.

Name: Mr.and Mrs.Lewis have an alternative minimum tax base of $312,000.Their tentative minimum tax will be A)$81,120. B)$87,360. C)$70,521. D)$83,604.
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Question

Quizplus · Accepted Answer

D)Their AMT base exceeds the 26% threshold of $187,800 so the excess will be taxed at 28%.(($312,000 - 187,800)× .28)+ ($187,800 × .26)= $83,604

MrAnd MrsLewis Have an Alternative Minimum Tax Base of $312,000