Ashby,who is single and age 30,provides you with the following information from his financial records for 2015. Regular income tax liability $ 47,228 AMT positive adjustments 40,000 AMT preferences 20,000 Taxable income 195,000 Calculate his AMT exemption for 2015.
A)$0
B)$17,000
C)$26,800
D)$53,600
E)None of the above

Question

Ashby,who is single and age 30,provides you with the following information from his financial records for 2015. Regular income tax liability $ 47,228 AMT positive adjustments 40,000 AMT preferences 20,000 Taxable income 195,000 ​ Calculate his AMT exemption for 2015.
A)$0
B)$17,000
C)$26,800
D)$53,600
E)None of the above

Quizplus · Accepted Answer

The Answer of Ashby,who is single and age 30,provides you with the following information from his financial records for 2015. Regular income tax liability $ 47,228 AMT positive adjustments 40,000 AMT preferences 20,000 Taxable income 195,000 ​ Calculate his AMT exemption for 2015.
A)$0
B)$17,000
C)$26,800
D)$53,600
E)None of the above

Ashby,who Is Single and Age 30,provides You with the Following