Celia and Christian, who are married filing jointly, have one dependent and do not itemize deductions. They report taxable income of $192,000 and tax preferences of $53,000 in 2017. What is their AMT base for 2017?
A)$0.
B)$212,587.
C)$215,550.
D)$269,850.

Question

Quizplus · Accepted Answer

The AMT base is the taxable income increased by tax preferences. In this case, the taxable income is $192,000 and the tax preferences are $53,000, so the AMT base is $192,000 + $53,000 = $212,587.

Celia and Christian, Who Are Married Filing Jointly, Have One