Use the following selected data to work backward and calculate Devon's taxable income.Devon itemizes deductions. $$\begin{array} { l r }
\text { Tax preferences } & \$ 45,000 \
\text { Positive AMT adjustments } & 52,000 \
\text { Negative AMT adjustments } & 15,000 \
\text { AMTI } & 290,000
\end{array}$$

Question

Use the following selected data to work backward and calculate Devon's taxable income.Devon itemizes deductions. $$\begin{array} { l r } 
\text { Tax preferences } & \$ 45,000 \
\text { Positive AMT adjustments } & 52,000 \
\text { Negative AMT adjustments } & 15,000 \
\text { AMTI } & 290,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of Use the following selected data to work backward and calculate Devon's taxable income.Devon itemizes deductions. $$\begin{array} { l r } 
\text { Tax preferences } & \$ 45,000 \
\text { Positive AMT adjustments } & 52,000 \
\text { Negative AMT adjustments } & 15,000 \
\text { AMTI } & 290,000
\end{array}$$

Use the Following Selected Data to Work Backward and Calculate