Beula,who is a head of household and age 40,provides you with the following information from her financial records for 2016.

Regular income tax liability
$ 35,776
AMT positive adjustments
33,000
AMT preferences
25,000
Taxable income
170,000

Calculate her AMTI for 2016.

Question

Beula,who is a head of household and age 40,provides you with the following information from her financial records for 2016.
​
Regular income tax liability
$ 35,776
AMT positive adjustments
33,000
AMT preferences
25,000
Taxable income
170,000
​
Calculate her AMTI for 2016.

Quizplus · Accepted Answer

AMTI is calculated by adding back AMT positive adjustments and AMT preferences to taxable income. 
Thus, AMTI = Taxable income + AMT positive adjustments + AMT preferences 
= $170,000 + $33,000 + $25,000 
= $232,000 
Therefore, the correct answer is D) $232,050.

Beula,who Is a Head of Household and Age 40,provides You