The Rodriguez Trust generated $300,000 in alternative minimum taxable income (AMTI) this year.Concerning the AMTI,the trust is subject to a marginal Federal income tax rate of:

Question

Quizplus · Accepted Answer

For trusts, the alternative minimum tax (AMT) rate is 28% for income over the threshold amount. Since the AMTI is $300,000, it falls into the 28% rate bracket for trusts.

The Rodriguez Trust Generated $300,000 in Alternative Minimum Taxable Income