After computing all tax preferences and AMT adjustments,Peter has AMTI of $210,000 in 2014.If Peter is single,what exemption amount can he claim for AMT in 2014?
A) $0.
B) $29,625.
C) $52,800.
D) $82,100.

Name: After computing all tax preferences and AMT adjustments,Peter has AMTI of $210,000 in 2014.If Peter is single,what exemption amount can he claim for AMT in 2014? A) $0. B) $29,625. C) $52,800. D) $82,100.
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Quizplus · Accepted Answer

Peter is single, so his AMT exemption amount for 2014 is $29,625.

After Computing All Tax Preferences and AMT Adjustments,Peter Has AMTI